Electric Furnace Steel Mill Operating Rates Hold Stable

According to the SMM survey, as of September 17, the operating rate of 50 major electric furnace steel plants producing rebar nationwide was 27.08%, up 0.66% WoW. Looking ahead, short-term end-users still hold expectations for the September-October peak season. With the National Day holiday approaching, steel demand can be expected to maintain a certain level. It is anticipated that the total inventory may continue to decline next week. Attention should be focused on changes in demand and macroeconomic fluctuations.