Tag: China’s EAF mills lift output as profits recover

Chinese electric-arc-furnace (EAF) steelmakers ramped up production last week after seeing their profit margins improve, the results of Mysteel’s latest survey show. At the same time, their outlook for steel demand turned more positive, sources say. During April 19-25, the average capacity utilization rate of the 87 independent EAF mills under Mysteel’s regular survey increased…