WEEKLY: China BF capacity use surges to 95.2%
Aug 14, 2020 13:30
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The blast furnace capacity utilization rate among China’s 247 steel mills under Mysteel’s survey inched up for the fourth week over August 7-13, hitting 95.16%, or a new high since the update of the survey samples in January 2019, suggesting that the majority of the domestic steel producers had been maintaining high output.
utilization rate was up another 0.41
percentage point on week, and these mills’daily molten iron output
increased by 10,900 tonnes/day on week to 2.53 million t/d in total over the week. The operational rate of these blast
furnaces nudged up too by another 0.52percentage point on week to
91.93%, according to Mysteel’s database.