[SMM Electric Furnace Operating Rate] Finished Steel Prices Decline, Steel Mill Profits Continue to "Slim Down"

[SMM Electric Furnace Operating Rate: Decline in Finished Product Prices Narrows Electric Furnace Mill Profits] According to an SMM survey, as of March 18, the operating rate of 50 major electric furnace steel mills producing construction materials nationwide was 40.18% (down 0.42% WoW); the capacity utilisation rate was 40.89% (down 0.19% WoW); and the daily average production of construction materials was 91,100 mt (down 400 mt WoW).