Tag: China’s EAF capacity use dips to a 4-month low

Average capacity utilization among the 85 independent electric-arc-furnace (EAF) steelmakers across China under Mysteel’s regular survey decreased for the fifth straight week during June 3-9 to hit a near four-month low of 51.57%, according to Mysteel’s latest survey. The recent fluctuations in finished steel prices when scrap prices remain generally stable are squeezing the profit…