Tag: China’s EAF capacity utilization rate hits 3-month low

The capacity utilization rate of the 71 independent electric-arc-furnace (EAF) steelmakers across China under Mysteel’s tracking dropped to its three-month low of 44.47% as of January 6. Behind the decline was the reduction in output among Chinese steelmakers due to thinning profits they earned. The EAF capacity utilization rate was 0.27 percentage point lower on…