Author: Lalita
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China’s EAF capacity utilization declines to 3-month low
The capacity utilization rate of the 71 independent electric-arc-furnace (EAF) steelmakers across China under Mysteel’s regular survey decreased for a second week during June 18-24 to hit a three-month low of 69.32%, according to Mysteel’s latest survey. The recent plunge in finished steel prices is dragging down the profit margins of the EAF producers and…