Tag: Higher Steel Prices See China EAF mills’ Margins Recover

The profit margins that China’s electric-arc furnace steelmakers are earning on their steel are recovering, thanks to the pickup in domestic steel prices, market sources said on Wednesday. The EAF makers’ better returns might encourage them to beef up output, they suggested. “Our steel profit margins have recovered to around Yuan 200/tonne ($28.4/t) currently, and…