According to SMM research, as of September 26, the operating rate of China’s 34 electric furnace steel plants that mainly produce rebar was 40.24%, a week-on-week decrease of 0.62 percentage points; the capacity utilisation rate was 43.29%, a week-on-week decrease of 0.31 percentage points; the average daily output of rebar was 77,100 mt, a week-on-week decrease of 600 mt.
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