China's EAF capacity use at 10-month high of 63%

ABSTRACT
The recent uptick in domestic steel prices throughout China saw profit margins rise for most independent electric-arc-furnace (EAF) producers when selling their steel and most mini-mills are savouring the moment by ramping up production further, Mysteel's latest survey has found.

Recently, domestic steel market sentiment has been bolstered by improved steel sales activity in the physical market, another factor helping to ensure domestic steel prices keep rising, Mysteel Global noted. Mysteel's assessment shows that as of March 9, China's national price of HRB400E 20mm dia rebar, for example, had increased