Tag: China news
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China’s blast furnace capacity use dips 2nd week to 87.64%
The blast furnace (BF) capacity utilization rate among 247 Chinese steel mills had dipped for the second week by another 0.62 percentage point on week to 87.64% over October 21-27, as some steel mills continued to rein in output in response to their persistently thinning steel margins or even losses. Accordingly, these mills’ hot metal…