Over August 30-September 3, China’s imported iron ore prices for spot deals reversed down after prior week’s recovery, and steel mills remained cautious in procurement. In contrast, the country’s domestic coke price rallied further as both coke and coking coal supplies stayed tight.
Over August 27-September 2, blast furnace capacity utilization among China’s 247 steel mills under Mysteel’s survey remained largely steady at 85.45%, up but merely 0.15 percentage point on week after two weeks of minor declines.