Tag: China Steel Capacity
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China’s EAF capacity use falls to 7-month low
Average capacity utilization among the 71 independent electric-arc-furnace (EAF) steelmakers under Mysteel’s regular survey decreased for the second week last week to 53.47% as of September 23, lower by another 4.47 percentage points on week and hitting a near seven-month low. Behind the decrease was the reduction in output among Chinese steelmakers obeying government directives…