WEEKLY: Rising profits boost China's EAF mills' production

Production activities among Chinese electric-arc-furnace (EAF) steelmakers continued to improve during the past week, fueled by the further recovery in the mills' profit margins, Mysteel's latest survey showed.

During November 28-December 4, the average capacity utilization rate among the 90 independent EAF steel producers under Mysteel's regular tracking rose for the second straight week by another 1.1 percentage points on week to reach 53.8%, even though the average operational rate among these mills had retreated by 1.4