WEEKLY: Chinese EAF mills curb output as sales losses widen

After rising for three weeks straight, production among China's electric-arc-furnace (EAF) steelmakers retreated during the past week, as the mills saw their losses on steel sales worsen, Mysteel's latest survey showed.

During June 19-25, the average capacity utilization rate among the 94 independent EAF steel producers under Mysteel's tracking dropped by 2.3 percentage points on week to 62.2%, while their average operational rate also decreased 2.4 percentage points from the previous week to 74.3%. In the latest survey period, some mini-mills