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China’s EAF steel mills operating rate & capacity utilization decline in week ending Jan 4

发布时间:[2023-1-9 10:44:28]    浏览量:345次
As of January 4, the average operating rate of 85 China’s independent electric arc furnace (EAF) steel mills was 32.49%, decreasing by 14.19% week on week but increasing by 28.98% month on month. The capacity utilization was 31.56%, a week-on-week decrease of 13.2% and a month-on-month drop of 19.75%.

Last week, the cost and profits of China’s EAF steel mills went up. In terms of finished products, the transactions slightly went down, and the prices kept stable.

Regarding scrap, both production and consumption fell. The Lunar New Year holiday is approaching, so the scrap transaction might go down greatly, and the scrap prices and the operation cost of China’s EAF steel mills might be steady.

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