Author: Lalita
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China’s EAF capacity use declines further to 64.05%
The capacity utilization rate of the 71 independent electric-arc-furnace (EAF) steelmakers under Mysteel’s regular survey decreased further for the second week to reach 64.05% on average as of July 29, lower by another 0.6 percentage point on week and hitting a 3.5-month low. The squeeze on power supplies for industrial applications and the central government’s…