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[Ferro-Alloys.com] More and more enterprises resumed work but construction-related industries resumed slowly. It may not recover until late-March even April, experts said. The actual capacity utilization of blast furnace of last week was 79.3% and down by 0.4%. And the actual capacity utilization of electrical arc furnace was 7.68% and up by 4%, which increased the supplies of rebar.

Rebar stockpiles kept piling up this week, and the total inventories is over 21.5 million tons, and it is very likely to achieve 22-24 million tons in the near future. The inventory pressure is huge if the production remains flat with the same period of last year. (Translated by editor)