[SMM Electric Furnace Operating Rate: Decline in Finished Product Prices Narrows Electric Furnace Mill Profits]
According to an SMM survey, as of March 11, the operating rate of 50 major electric furnace steel mills producing construction materials nationwide was 40.6% (down 0.7% WoW); the capacity utilisation rate was 41.08% (down 0.38% WoW); and the daily average production of construction materials was 91,500 mt (down 800 mt WoW).
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