Operating rate of EF steel mills kept hiking on significant profit increase

According to SMM research, the operating rates across 34 EF steel mills that produced construction steel in China was 42.03% as of October 31, up 2.35 percentage points WoW. Raw material pressure on steel mills’ profits ebbed significantly, easing losses suffered by EF steel mills. Therefore, most sample steel mills were still willing to produce. It is expected that the operating rate of EF steel mills will continue to pick up this week.