WEEKLY: China's EAF mills lift output despite their large losses

Steel production among China's electric-arc-furnace (EAF) steelmakers rebounded significantly during the past week as many mills emerged from Chinese New Year holiday mode and restarted operations, the findings of Mysteel's latest survey showed.

During February 27-March 5, the average capacity utilization rate among the 94 independent EAF steelmakers under Mysteel's tracking jumped by 13.4 percentage points on week to 20.7%, while their average operational rate rose 14.6 percentage points from the prior week to 24.7%. Many mini-mills across the country, especially those in