According to SMM research, operating rates across 34 EAF steel mills of construction steel in China stood at 39.68% as of October 24, up 0.88 percentage points WoW. In the future, the scrap steel supply tightness will ease, and short-term demand is still expected to increase slightly in stages. The pressure on steel mills will gradually ease, and the operating rate is expected to continue to rebound driven by profits.
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