Annual maintenance continues, pig iron production continues to decline

According to SMM's survey, the maintenance impact volume of construction steel this week (May 31 - June 6) saw a slight increase. Most steel mills continued their maintenance from last week, and some steel mills added new rolling line maintenance plans. The maintenance impact volume of construction steel was 1.1984 million tons, a month - on - month increase of 0.041 million tons.

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 survey of 50 EF steel mills that mainly produce construction steel, their operating rates was 40.94%, down 1.26 percentage points WoW, as of March 19.

Operating rate of BFs was 89.45% on March 20, up 0.3 percentage points WoW, SMM survey showed.

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%

SMM Data：Weekly operating rate of domestic copper rod enterprises