Tag: WEEKLY: China’s BF capacity use rises further on profits
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WEEKLY: China’s BF capacity use rises further as mills’ profit margins improve
The recent uptick in finished steel prices plus lower production costs saw profit margins among Chinese blast-furnace (BF) steelmakers improve somewhat, encouraging some mills to ramp up production further, Mysteel’s lates survey showed. During April 4-11, the BF capacity utilization rate among the 247 steelmakers under Mysteel’s regular tracking had increased for the second straight…