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WEEKLY: China's blast furnace capacity use eases to 89%

ABSTRACT

Over June 17-23, the blast furnace (BF) capacity utilization rate among China's 247 steel mills Mysteel canvasses weekly reversed down after rising for eight weeks, dropping by 1.17 percentage points on week to 89% as of June 23, due to thinned steel margins and low-demand season of summer.
During the latest survey period, these mills' hot metal output decreased accordingly by 36,400 tonnes/day on week to 2.4 million t/d on average, while their BF operational rate had slid for the second week by another 1.9 percentage points on week to 81.92% as of June 23.   "Negative sentiment has prevailed

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