[SMM Survey] Resumption Continues to Increase; Operating Rate and Capacity Utilisation Rate of Rolling Lines in Central China Maintain Upward Trend

Operating Rates and Forecasts of Construction Steel Production Lines in Central China Steel Mills

During the survey period (February 25 - March 3), the operating rates and capacity utilisation rates of rebar and wire rod rolling lines in Central China steel mills increased.

Data Source: SMM

During the survey period (February 25 - March 3), the operating rates and capacity utilisation rates of rebar rolling lines in Central China steel mills increased.

Specifically, rolling lines in Hunan Province maintained normal production during this period; one additional rolling line resumed production in Henan Province, while two EAF steel mills in Hubei Province resumed production, with two rolling lines resuming simultaneously. No new maintenance activities were reported, resulting in a continued increase in rebar supply and operating rates in the region. Regarding in-plant inventory, as downstream demand gradually recovered, some steel mills in the region increased direct supply shipments, leading to a slight decline in overall in-plant inventory.

Rebar production in Central China is expected to see a slight increase next week, primarily due to extended operating hours and improved capacity utilisation rates at certain steel mills in Hubei and Henan provinces.

Data Source: SMM

During the survey period (February 18 - February 24), the operating rates and capacity utilisation rates of wire rod rolling lines in Central China steel mills increased.

Specifically, normal production was maintained in Hunan and Henan provinces during this period, while a steel mill in Hubei Province adjusted its production plan, with one additional rolling line resuming production, driving an increase in wire rod supply in the region. Regarding in-plant inventory, steel mills maintained normal shipments, resulting in a slight decline in wire rod in-plant inventory during this period.

Wire rod production in Central China is expected to continue increasing in the next period, mainly due to the completion of temporary maintenance on a rolling line at a steel mill in Hubei Province, which is set to resume production, contributing to a certain level of growth.

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