Tag: China’s blast furnace capacity use falls for 3rd consecutive week

The blast furnace (BF) capacity utilization rate among 247 Chinese steel mills under Mysteel’s survey had dipped for the third straight week by another 1.32 percentage points on week to 86.31% over October 28-November 3, indicating that some of the surveyed mills had continued reining in their output amid persistent profit losses and lukewarm steel…