WEEKLY: Chinese BF mills' production dips, losses persist

Production among Chinese blast-furnace (BF) steelmakers retreated slightly during the past week as more mills started maintenance works, while most mills were still struggling with negative margins, Mysteel's latest survey showed.

The average capacity utilization rate among the 247 BF steelmakers under Mysteel's tracking stood at 87.74% during October 9-15, slightly lower by 0.06 percentage point from the previous week, while their combined daily hot metal output also dipped 0.08% on week to 2.34 million tonnes/day. During the same period, the