[SMM Blast Furnace Operating Rate] Blast Furnace Operating Rate Held Stable, Capacity Utilization Rate Slightly Decreased

Published: Jul 10, 2024 15:54

Source: SMM

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According to the SMM survey, as of July 10, the operating rate of blast furnaces surveyed by SMM was 94.36%, holding stable WoW.

According to the SMM survey, as of July 10, the operating rate of blast furnaces surveyed by SMM was 94.36%, holding stable WoW. The capacity utilization rate was 96.38%, down 0.05% WoW. The average daily pig iron output of the sample steel mills was 2.3045 million mt, down 1,000 mt WoW.

Data source: SMM

This week, two blast furnaces underwent maintenance, both located in North China; two blast furnaces resumed production, one in Central China and one in Northeast China. The operating rate of blast furnaces held stable this week, while pig iron output slightly decreased. Looking ahead, with the generally poor profitability of steel mills and the deepening impact of the off-season, steel prices trend weaker, and steel mills may face certain pressure in selling their products. As maintenance of steel mills may increase, pig iron output is expected to continue to decline slightly.

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