Some steel mills incurred losses, pig iron production continued to decline.

To better serve our customers and enhance the efficiency of the SMM database, we will optimize and adjust the existing classification of the non-ferrous database in June 2025. This adjustment will not involve any changes to the data.

According to the SMM survey, as of May 21, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.41%, down 0.23 percentage point WoW. The capacity utilisation rate of blast furnaces was 90.08%, down 0.37 percentage point WoW. The daily average pig iron production of the sampled steel mills was 2.4303 million mt, down 10,000 mt WoW.

According to the SMM survey, as of May 14, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.63%, down 0.33 percentage point WoW. The capacity utilisation rate of blast furnaces was 90.45%, down 0.65 percentage point WoW. The daily average pig iron production of the sampled steel mills was 2.4403 million mt, down 17,600 mt WoW.

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.

According to the SMM survey, as of April 30, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.89%, up 0.31 percentage point WoW.

According to SMM data, the operating rate of copper pipe & tube enterprises in March was 85.23%, up 14.95 percentage points MoM, but down 0.74 percentage points YoY.

In January 2024, China's magnesium alloy monthly operating rate was 45.81%, an increase of 3.01% month-on-month and a year-on-year decrease of 1.76%

On January 31, the operating rate of BF steel mills was 88.55%, up 0.15 percentage points WoW, SMM survey showed.

SMM Data：Weekly operating rate of domestic copper rod enterprises

SMM Data：Weekly operating rate of domestic copper rod enterprises