12
Apr
04:31
China's EAF plants begin to turn a profit
China's electric arc furnaces have seen operating rates boosted as steel and scrap prices diverge and production becomes more profitable. Most EAFs were losing money just a month earlier but are now profitable, Kallanish notes.
At the start of April, operating rates of EAFs reached around 76% in China, increasing by 18% month-on-month. According to SMM, by 11 April average EAF costs were around CNY 3,796/tonne ($564.81/t), leavi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous