EAF Operating Rate Plunges: Nationwide Shutdowns & Cuts Hit Construction Steel Output

Published: Aug 20, 2024 19:24

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[SMM EAF Operating Rate: EAFs Suffer Widespread Shutdowns and Production Cuts; When Will Production Resume?] According to SMM's survey, as of August 20th, the operating rate of 50 electric arc furnace (EAF) steel plants nationwide, which mainly produce construction materials, was 16.68%, a decrease of 1.34 percentage points from the previous month; the capacity utilization rate was 19.11%, a decrease of 0.92 percentage points from the previous month; and the average daily output of construction materials was 42,600 tonnes, a decrease of 2,000 tonnes from the previous month.

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