WEEKLY: China's EAF output picks up again, losses ease

After retreating temporarily during the previous week, run rates among Chinese electric-arc-furnace (EAF) steel producers recovered during past week, as the mills responded to the improved market sentiment, Mysteel's latest survey showed.

During October 24-30, the average capacity utilization rate among the 90 independent EAF steelmakers under Mysteel's tracking picked up 0.7 percentage point on week to 53%, while their average operational rate also rose 1 percentage point to reach 68.8%. Some mini-mills in East China resumed operations after completing maintenance, leading