Tag: WEEKLY: China’s EAF production retreats further

Production among Chinese electric-arc-furnace (EAF) steelmakers continued to decline last week, as more mills shortened their working hours to avoid losing more money on their operations, Mysteel’s latest survey showed. During 21-27 June, capacity utilisation among the 87 independent EAF steel mills under Mysteel’s regular tracking averaged 51.37%, falling for the second straight week and…