Author: Lalita
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China: Blast furnace capacity use dips to 88.04%
Blast furnace capacity utilization rate among China’s 247 steel mills nationwide under Mysteel’s survey reversed down after two weeks of inclines over July 16-22, though the on-week drop was minor at 0.51 percentage point to 88.04%, as some steel mills in China had already started trimming their output on the instruction of their local authorities…