Tag: China.steel
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China’s blast furnace capacity use dips to near 3-month low
The blast furnace (BF) capacity utilization rate among 247 Chinese steel mills under Mysteel’ssurvey had dropped for the fourth straight week by another 2.23 percentage points on week to 84.09% over November 4-10, touching a new low since mid-August.The constant decline indicated that more mills had trimmed steel production in reaction to their persistently thinning…