Profit recovery drove up operating rates of EF steel mills

Published: Nov 13, 2023 10:31

Source: SMM

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As of November 7, the operating rates of 34 EF steel mills that mainly produced construction steel were up 4.35 percentage points WoW at 46.38% as profits recovered significantly amid strong finished steel prices. SMM predicted that the operating rates of EFs will be stable-to-higher, boosted by optimistic sale/production status and profits.

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