Tag: EAF capacity
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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…