SMM: Steel Market Slumps Further as Blast Furnace Operating Rates Drop to 88.23%

Published: Aug 28, 2024 14:40

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[SMM Blast Furnace Operating Rate: Steel Market Continues to Slump with Increasing Number of Blast Furnaces under Maintenance] According to SMM research, on August 28, the operating rate of blast furnaces in 242 steel plants surveyed by SMM was 88.23%, down 0.56% from the previous month. The blast furnace capacity utilization rate was 89.55%, down 1.03% from the previous month. The average daily output of molten iron in sample steel plants was 2.406 million tons, down 15,000 tons from the previous month.

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