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WEEKLY SUMMARY: China steel raw materials prices firm

China’s prices of steelmaking raw materials including iron ore and coke fared well over November 23-27 mainly due to the firm demand from the domestic steel mills while the supply, especially for coke, was relatively limited, Mysteel Global noted.
Over November 20-26, the blast furnace capacity utilization among China’s 247 steel mills under Mysteel’s weekly survey ended its three-week slips, up marginally by 0.83 percentage point on week to 92.47%, which was also 6.39 percentage points higher on year, indicating the remaining high steel output among the Chinese steel

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