Chinese mills idle blast furnaces, cut steel output

摘要

As China's steel demand continues to wane and steelmakers face huge losses from poor steel margins, several mills have cut production levels, while others have plans to do so very soon. A major Shandong-based mill was said to have idled a blast furnace three weeks earlier when demand began to fall. “The mill took the blast furnace offline in order to cut production, not to carry out maintenance,” a trader who procures material for the mill said.