Tag: China’s EAF capacity utilization rises further to 58%

The capacity utilization rate among the 87 independent electric-arc-furnace (EAF) steel mills across China under Mysteel’s regular survey rose for a fifth straight week as of March 2, climbing by another 4.7 percentage points on week to average 57.94%. Hopes for an increase in steel demand and for improved margins are encouraging more mini-mills to…