According to the SMM survey, as of May 7, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.96%, up 0.07 percentage point WoW. The capacity utilisation rate of blast furnaces was 91.10%, up 0.16 percentage point WoW. The daily average pig iron production of the sampled steel mills was 2.4579 million mt, up 4,400 mt WoW.

![[SMM HRC Arrivals] Arrivals in Mainstream Markets Extended Their Decline for a Second Straight Week This Week](https://imgqn.smm.cn/usercenter/UrrTG20251217171717.jpg)


