Tag: WEEKLY: China EAF mills’ production drops further losses widen again

Mysteel Global: The enthusiasm for producing steel displayed by Chinese electric-arc-furnace (EAF) steelmakers cooled last week, diminished further by their worsening losses on steel sales plus waning steel demand, the results of Mysteel’s latest survey showed. During 1-8 May, the capacity utilisation rate among the 90 independent EAF steelmakers under Mysteel’s regular tracking decreased for…