Author: Lalita
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China’s EAF capacity use hits 3-month low on production curbs
The capacity utilization rate of the 71 independent electric-arc-furnace (EAF) steelmakers which Mysteel samples across China reversed down by 2.83 percentage points on week after two weeks of inclines to hit a more than three-month low of 64.65% as of July 22. Despite their improving margins, the latest survey shows some EAF mills reduced their…