China’s Jiangsu rebar capacity utilization low at 40%
Feb 20, 2020 14:00
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Rebar rolling capacity utilization rate at the 22 sampled steel producers in Jiangsu of East China, the country’s largest rebar production base, fell to 40.2% as of February 18, a record low since March 2015, as they had been forced to scaled down production amid high stocks and constraints of raw materials supply and manpower amid the ongoing fight against Novel Coronavirus Pneumonia (NCP), according to a Mysteel’ market survey.
The 22 mills include blast-furnace and electric-arc-furnace mills and re-rollers, among which, only four had been operating all their rebar mills though not at the full capacity, nine had been conducting maintenance on some of their blast furnaces and/or rolling mills, eight had halted all the long steel mills including