SMM

[SMM Electric Furnace Operating Rate: 3 Additional Steel Mills Resume Production This Period, Electric Furnace Operating Rate Up 3.08% MoM] According to the SMM survey, as of March 4, the operating rate of 50 major electric furnace steel mills producing construction materials nationwide was 41.3%, up 3.08% MoM; the capacity utilisation rate was 41.46%, up 2.14% MoM; and the daily average production of construction materials was 92,300 mt, up 4,800 mt MoM.