31
May
10:44
China's EAF mills suspend operations
China's steel market has witnessed an economic slowdown under the blow of the epidemic, and steel demand has dropped. This has led to more and more electric arc furnace steel mills choosing to cut production due to operating losses, Kallanish notes.
According to market research from Fubao, by 31 May, four of the 11 major independent EAF steel mills in Hubei stopped production, and six of them have cut production by more than 50%, resulting in a reduction in th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous