[SMM Analysis] Scrap Procurement Eases; EAF Operating Rate Rises 2. 0% in the Period

As of October 13, the operating rate of 50 EAF (electric arc furnace) mills nationwide primarily producing construction steel stood at 37. 5%, up 2. 0% week-on-week. Capacity utilization came in at 38. 04%, up 2. 24% from the previous period, while average daily construction steel output reached 84,700 tonnes, up 5,000 tonnes from the previous period.