Author: Lalita
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China: Blast-furnace capacity use slumps to a 17-month low
Over June 25-July 1, blast furnace (BF) capacity utilization rate among the 247 steel mills under Mysteel’s survey fell to the lowest since March 2020, touching 81.01% after the fourth week of decline or a sharp drop of 10.16 percentage points on week, mainly due to the curbing on the steel operations in North and…