Tag: China’s Blast furnace capacity use dips to 85.71%

Over July 1-7, the blast furnace capacity utilization rate among China’s 247 steel mills under Mysteel’s survey had dipped for the third week by another 1.9 percentage points on week to 85.71%, indicating that many of the surveyed mills had continued reining in output amid weak demand and their thin margins. During the latest survey…