Tag: CHina EAF steelmaking
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China’s EAF capacity use retreats to 2-month low
The steelmaking capacity utilization rate of 85 Chinese independent electric-arc-furnace (EAF) steel mills under Mysteel’s survey retreated from the prior week’s incline by 3.53 percentage points on week to touch a two-month low of 48.66% as of December 22. Market sources blamed persisting margin losses and a shortage of labor among EAF steelmakers for the…