WEEKLY: China's blast furnace capacity use hovers at 80%
Jul 26, 2019 15:30
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Blast furnace capacity utilization among the 247 integrated steel mills across China which Mysteel tracks remained at a relatively high level of 80.73% during the week of July 19-25, with the average rate rising by a tiny 0.3 percentage point and bringing an end to six successive weeks of decline, according to Mysteel’s latest weekly survey released on July 26.
Accordingly, these mills’ daily molten iron output witnessed a small rise too, gaining 8,300 tonnes/day on week to reach 2.26 million t/d as of July 25.
However, over the same survey period, the operational rate of these blast furnaces nosed down by 0.23 percentage point on week to 80.14% to return