Tag: WEEKLY: China EAF production keeps rising
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China: EAF steel production keeps rising, but profits shrink
Production among Chinese electric-arc-furnace (EAF) steelmakers continued growing last week as more mills switched on their furnaces after completing maintenance work, though many EAF mills were still suffering losses, Mysteel’s survey showed. The capacity utilization rates among the 87 independent EAF steel mills under Mysteel’s regular tracking averaged 54.27% during May 10-16, rising for the…