WEEKLY: China's EAF production rises to over 2-year high

Steel production among Chinese electric-arc-furnace (EAF) steelmakers continued rising during the past week as more makers resumed operations in response to the seasonal recovery in steel demand, according to Mysteel's latest survey.

During March 27-April 2, the average capacity utilization rate among the 94 independent EAF steelmakers under Mysteel's tracking rose for the fifth straight week by another 2.4 percentage points on week to reach 61.2%, the highest since January 2024, the latest survey data show. Their average operational rate also increased