Tag: China news
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China’s blast furnace capacity use recedes to 88.26%
The blast furnace (BF) capacity utilization rate among 247 Chinese steel mills Mysteel canvasses weekly retreated from the prior week’s incline by 0.78 percentage point on week to 88.26% over October 14-20, as some steelmakers had reined in their output either in response to local authorities’ mandate or their own thinning steel margins. During the…