The capacity utilization rate of the ferrous metal smelting, rolling and processing industry in China was at 77.0 percent in the first quarter of the current year, up 2.4 percentage points compared to the fourth quarter last year, while it was down 4.7 percentage points year on year, according to China’s National Bureau of Statistics (NBS).
Total industrial capacity utilization in China in the first quarter of 2022 was at 75.8 percent, down 1.4 percentage points year on year and down 1.6 percentage points compared to the fourth quarter of last year.