Electric furnace operating rate continued to decline [SMM electric furnace operating rate]

According to SMM research, as of March 26, the operating rates of 50 electric furnace steel mills across the country who mainly produce rebar was 38.52%, down 2.42 percentage points from a week ago. The average capacity utilization rate of blast furnaces also slid 1.43 percentage point week-on-week to 39.5%. Their daily average rebar output was 88,000 mt, a drop of 3,200 mt WoW.