Author: Lalita
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China’s EAF capacity utilization hits a five-month low
The steelmaking capacity utilization rate of China’s 71 independent electric-arc-furnace (EAF) steelmakers under Mysteel’s regular survey hovered at its five-month low, averaging 60.56% as of August 12 despite the on-week recovery of a tiny 0.76 percentage point after three weeks of declines, which was mainly due to the power supply constraints, according to market sources.…