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SHANGHAI, Nov 3 (SMM) - According to SMM survey of 34 independent electric arc furnace steel mills that produce construction steel, their operating rates averaged 53.91% as of November 2, down 4.61 percentage points from the previous week.

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Steel mills have cut or halted production because of the power supply crunch since September, which will "significantly increase companies' costs" and weigh on their profitability, Qu Xiuli ...

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According to SMM research, the power rationing intensified again in Jiangsu on the evening of October 18, forcing local steel mills to cut their production massively. At present, steel mill 1 (blast furnace) has stopped production on the night of October 18. The rolling line of steel mill 2 (blast furnace) will reduce the power use by 60%.

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Chip Barletto, left, and Cory Bonnet at Pittsburgh's Energy Innovation Center with some of the artifacts they've reclaimed from steel mills in the region.

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