Tag: China.steel
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China’s blast furnace capacity use retreats to 81.93%
The blast furnace (BF) capacity utilization rate among 247 Chinese steel mills under Mysteel’s survey retreated from the prior week’s incline over December 30-January 5, down by 0.66 percentage point on week to settle at 81.93%, as steel mills’ persistently negative profit margins, coupled with the lukewarm downstream demand, had forced them to trim steel…