WEEKLY: Chinese BF mills' production falls further despite improved margins

Chinese blast-furnace (BF) steelmakers continued to rein in production during the past week, although their losses eased marginally with reduced input costs, Mysteel's latest survey showed.

The average capacity utilization rate among the 247 BF steelmakers under Mysteel's tracking dropped for the second straight week by another 0.51 percentage point to reach 87.23% during October 15-21, while their combined daily hot metal output also slipped 0.6% on week to average 2.32 million tonnes/day. During the same