Hi XP,
Interesting to read that production at blast furnaces have been stable while decreasing at EAFs due to a shortage of scrap steel....
SHANGHAI, Sep 4 (SMM) — Inventories of steel rebar across Chinese steelmakers and social warehouses declined in the week ended September 3 as in-plant stocks fell rapidly in a traditional high season.
Declined output and optimism over consumption in a high season lowered rebar inventories at steelmakers. Blast furnace (BF) steel mills maintained stable production this week, while operating rates at electric arc furnace (EAF) mills slid 0.3 percentage point to 78.55% as of September 1 due to shortage of scrap steel. Optimism over consumption in a high season accelerated shipments of in-plant inventories to social warehouses. In addition, demand from infrastructure construction improved as the weather is getting better.
Iron ore price, page-23675
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