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According to SMM survey of 50 EF steel mills that mainly produce construction steel, their operating rates was 40.94%, down 1.26 percentage points WoW, as of March 19. Looking forward, price hike, coupled with mild inventory slip, will shore up some steel mills’ willingness of production resumption, while overall demand will be sluggish. Overall, the operating rates of EFs may steadily inch higher this week.
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