According to the SMM survey, on July 30, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 86.99%, up 0.09 percentage point WoW.

[SMM Survey: Capacity Replacement Halted & Overcapacity, Rapid Decline in Blast Furnace Commissioning in 2025] According to SMM survey data, in H1 2025, eight new blast furnaces were commissioned nationwide, with a total ironmaking capacity of 12.5 million mt. Meanwhile, 18 blast furnaces were decommissioned, with a total ironmaking capacity of 12.53 million mt. Most of the new blast furnaces commissioned in H2 2025 were concentrated in Q4...