Electric Furnace Steel Mill Operating Rates Hold Stable

Published: Sep 23, 2024 11:18

Source: SMM

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According to the SMM survey, as of September 17, the operating rate of 50 major electric furnace steel plants producing rebar nationwide was 27.08%, up 0.66% WoW.

According to the SMM survey, as of September 17, the operating rate of 50 major electric furnace steel plants producing rebar nationwide was 27.08%, up 0.66% WoW. Looking ahead, short-term end-users still hold expectations for the September-October peak season. With the National Day holiday approaching, steel demand can be expected to maintain a certain level. It is anticipated that the total inventory may continue to decline next week. Attention should be focused on changes in demand and macroeconomic fluctuations.

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