WEEKLY: Chinese BF mills' output continues falling

Production among Chinese blast furnace (BF) steelmakers dropped further during the past week, as the government-mandated output restrictions in northern China continued to drag down mill operations overall, Mysteel's latest survey showed.

The average capacity utilization rate among the 247 BF steelmakers under Mysteel's tracking fell for the fourth consecutive week by another 0.44 percentage point to 86.62% during October 29-November 4, while their combined hot metal output slid 0.5% on week to 2.31 million tonnes/day. During the survey period, the