Utilization of China's blast furnace capacity decreased by 3.6% in week three.
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India
23-10-2023
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With a higher rate of loss of 1.31 percentage points from the previous week, the blast furnace (BF) capacity utilization rate among the 247 Chinese steelmakers included in Mysteel's regular survey decreased for the third straight week to reach 90.62% from October 13–19.
Accordingly, the survey results showed that the daily average output of hot metal among these mills also decreased 1.4% week over week to 2.42 million tonnes/day.
According to Mysteel's analysis, 10 blast furnaces in the nation were shut down for maintenance during the most recent survey period, and their combined capacity was greater than that of the 11 furnaces that were restarted this week.
As a result, domestic hot metal output decreased overall, despite the studied 247 mills' operational rate.