Published: Jan 31, 2024 14:39
According to SMM research, on January 31st, the blast furnace operating rate calculated by SMM was 88.55%, an increase of 0.15% over the previous period. The blast furnace capacity utilization rate was 89.60%, an increase of 0.16% compared to the previous period. The average daily hot metal production of sample steel mills was 2.1438 million tons, an increase of 0.38 million tons compared to the previous period.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
2 hours ago
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
Read More
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
A00 pulls back slightly, aluminum scrap remains stable overall [Aluminum Scrap Daily Review]
2 hours ago
[SMM Steel] India Domestic Steel Prices decline
2 hours ago
[SMM Steel] India Domestic Steel Prices decline
Read More
[SMM Steel] India Domestic Steel Prices decline
[SMM Steel] India Domestic Steel Prices decline
[India Domestic] India’s domestic steel market saw mixed price movements on a daily basis with finished steel and semi-finished steel prices moved lower. Alang Melting scrap prices rose by 3.16USD/tonne (300INR/tonne) to 386.83USD/tonne (36,700INR/tonne) ex-yard Alang. 8Ani (12mm) prices unchanged at 443.75USD/tonne (42,100INR/tonne) ex-yard Alang. PDRI sponge iron prices down by 3.16USD/tonne (300INR/tonne) to 313.05USD/tonne (29,700INR/tonne) EXW Bellary. PDRI sponge iron prices down by 2.11USD/tonne (200INR/tonne) to 310.94USD/tonne (29,500INR/tonne) EXW Raipur. Rebar up by 1.05USD/tonne (100INR/tonne) to 525.96USD/tonne (49,900INR/tonne) EXW Mumbai. Raipur rebar down by 5.27USD/tonne (500INR/tonne) to 470.10USD/tonne (44,600INR/tonne) EXW Raipur. Raipur billet down by 4.22USD/tonne (400INR/tonne) to 442.70USD/tonne (42,000INR/tonne) EXW Raipur. Ingot down by 2.11USD/tonne (200INR/tonne) to 488.02USD/tonne (46,300INR/tonne) EXW Mandi.
2 hours ago
India’s Industrial Growth Slows to 6.7% in July, but Steel Demand Remains Supported
3 hours ago
India’s Industrial Growth Slows to 6.7% in July, but Steel Demand Remains Supported
Read More
India’s Industrial Growth Slows to 6.7% in July, but Steel Demand Remains Supported
India’s Industrial Growth Slows to 6.7% in July, but Steel Demand Remains Supported
India’s industrial activity continued to grow in July 2026, with the Index of Industrial Production (IIP) rising 6.7% YoY, compared with 8.8% in June. Although growth slowed, July recorded the second-highest IIP growth since December 2025, showing that industrial activity remained relatively strong. For the domestic steel market, manufacturing, capital goods and infrastructure remain important areas to watch as they are key drivers of steel demand.
3 hours ago
According to SMM research, on January 31st, the blast furnace operatin - Shanghai Metals Market (SMM)