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Improving steel margins fail to lift China EAF capacity use

ABSTRACT

The capacity utilization rate among the 85 independent electric-arc-furnace (EAF) steelmakers across China under Mysteel's regular survey continued to trend downward over June 17-23, even though the business environment for the mills has improved markedly.
As of June 23, capacity utilization of these 85 sampled EAF makers had decreased for the seventh straight week by another 5.05 percentage points on week to 43.85%, or a new low since late February, Mysteel's data shows.   "Though domestic steel prices were still under downward pressure last week, the tumble

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