WEEKLY: China BF capacity use rebounds after 3-week dip
Nov 27, 2020 12:00
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Blast furnace capacity utilization among China’s 247 steel mills under Mysteel’s weekly survey ended its three-week slips, up 0.83 percentage point on week to 92.47% over November 20-26, mainly as steel mills had ramped up the output moderately on higher margins, market sources commented.
Over the latest survey period, these mills’ daily molten iron output also recovered by 22,100 tonne/day on week to 2.46 million t/d, though the operational rate of blast furnaces at the 247 surveyed mills nudged down by 0.13 percentage point on week to 86.33% as of November 26.
“Short-term restrictions on