WEEKLY: Chinese EAF mills' output touches 7-month high

Steel production among China's electric-arc-furnace (EAF) steelmakers continued to increase during the past week, even though the mills' losses on sales widened, Mysteel's latest survey showed.

During January 9-15, the average capacity utilization rate among the 94 independent EAF steel producers under Mysteel's regular tracking rose for the third straight week by another 1.1 percentage points on week to reach a seven-month high of 58%. (Mysteel has expanded the number of surveyed steel mills in