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WEEKLY: China’s blast furnace capacity use down to 77%

The capacity utilization among blast furnaces operated by 247 Chinese steel plants nationwide under Mysteel’s weekly survey kept sliding over March 1-7, down another 1.92 percentage points on week to 76.96%, or a new low since January 25, according to Mysteel’s latest survey released on March 8.
The decline in the capacity utilization is because of a rising number of maintenance works at the surveyed mills under the latest round of restrictions on steel mills in North China’s Hebei and Shanxi provinces throughout March, and altogether with 32 domestic steelmakers in these two provinces saw their 69 blast furnaces curtailed over March

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