SMM Report: Electric Furnace Mills Entering Annual Shutdown, Operating Rate Declines

[SMM Electric Furnace Operating Rate: Electric Furnace Mills Gradually Enter Annual Shutdown, Overall Operating Rate Continues to Decline]

According to the SMM survey, as of January 14, the operating rate of 50 major electric furnace steel mills producing construction materials nationwide was 35.38% (down 2.08% MoM); the capacity utilisation rate was 37.56% (down 1.08% MoM); and the daily average production of construction materials was 83,600 mt (down 2,400 mt MoM).