WEEKLY: China EAF mills lift output, despite their thinning profits

Production among China's electric-arc-furnace (EAF) steelmakers continued expanding during the past week as more mills resumed operations after maintenance, Mysteel's latest survey showed.

During May 15-21, the average capacity utilization rate among the 94 independent EAF steel producers Mysteel monitors increased for the second straight week by another 1.3 percentage points on week to 62.1%, while their average operational rate also rose 2.2 percentage points on week to 75.2%. The growth in mini-mill