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WEEKLY: China BF capacity use recovers from 4-week dips

Blast furnace capacity utilization among China’s 247 steel mills rebounded after four weeks of dips, though up just 0.41 percentage point on week to 90.94% over January 29-February 4, as some domestic steel mills restarted some facilities after the maintenance, Mysteel’s latest survey showed.
Over January 29-February 4, these 247 mills produced 2.42 million tonnes/day of molten iron in total on average, also up 11,000 t/d on week, and the operational rate of their blast furnaces reversed up by 1.17 percentage points on week to 83.2%. Some blast furnaces in East and Northeast China had been brought back on

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