Author: Lalita
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Weakening steel prices lower China EAF mills’ margins
China’s domestic electric-arc-furnace (EAF) steel mills are complaining that the recent plunge in finished steel prices has dragged their profit margins down as well – a claim new Mysteel data seems to confirm. As of May 28, the margins being earned by the 18 independent Chinese EAF mills under Mysteel’s regular survey, for example, averaged…