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EAF operating rates climbed further, but higher scrap prices to cap the upsides
Apr 16,2020 11:52CST
data analysis
Source:SMM
Chinese electric arc furnace (EAF) steelmakers continued to ramp up operations as of mid-April, prompted by buoyant market sentiment amid demand recovery and a rally in rebar futures. The upsides in operating rates, however, will be limited as prices of feedstock steel scrap also bounced back and squeezed profits at steel plants. 
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Operating rate
EAF steelmakers

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