Blast furnace capacity use in China rises for 13 straight weeks. The pressure is on.WEEKLY: China blast furnace capacity use at a high
92.4%Blast furnace capacity utilization rate among China’s 247 steel mills rose to an alarmingly high of 92.35% by June 11 after having risen for thirteen consecutive weeks over June 5-11, as Chinese steel mills were still maximizing output on noting declines in finished steel stocks and positive steel margins, according to Mysteel’s survey.https://www.mysteel.net/article/5016393-050102/WEEKLY--China-blast-furnace-capacity-use-at-a-high-924.htmlThe capacity utilization rate went up another 0.45 percentage point on week or 1.78 percentage points higher on year, probably the highest level since Mysteel commenced the survey in March 2018 and also way beyond the commonly-understood sustainable and healthy level of 80-85%, Mysteel Global noted.
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