WEEKLY: China BF capacity use dips further to 93.69%
Sep 25, 2020 12:30
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Blast furnace capacity utilization among the 247 Chinese steel mills Mysteel canvasses weekly dipped to an average of 93.69% over September 18-24, lower for the sixth week and down by 0.56 percentage point from the prior period, according to Mysteel’s latest weekly survey. Observers examining the survey findings suggest the decline was mainly equipment-related – rather than market driven – and that many Chinese steel mills still intend to maintain current output levels.
The surveyed mills’ combined molten iron output during the latest period averaged 2.49 million tonnes/day, the survey shows, down by a mere 14,900 t/d on week, though the operating rate of these steel mills declined by the slightly larger margin of 1.57 percentage points on week to 89.06%.
Nevertheless, the capacity