The utilization rate was down 0.36 percentage point on week, and these mills’ daily molten iron output reversed down by 9,700 tonnes/day on week to 2.52 million t/d in total over August 14-20, and the operational rate of these blast furnaces nudged down too by 0.52 percentage point on week to 91.41%, according to Mysteel’s database.
“Many outdoor construction works in China have been hampered to various degrees by the high temperatures, domestic steel demand has remained largely stable, supporting the domestic steel mills to run at high production,” a Shanghai-based market watcher said.
Source : https://www.mysteel.net/article