Nearly 50% of Chinese BF mills declare they're now making money on steel sales

The number of profitable blast-furnace steel mills in China increased slightly during the past week, mainly thanks to the recovery in the country's finished steel prices and the decrease in mills' production cost, Mysteel Global learned.

Mysteel's latest weekly survey among the 247 BF steel mills nationwide showed that as of December 26, the ratio of steelmakers earning positive margins on finished steel sales registered 49.78%, edging up 1.3 percentage points on week, though the ratio was 2.17 percentage points lower compared with one month