China’s Electric-Arc Steelmakers Regain Edge as Profits Recover

China’s electric-arc furnace steelmakers boosted weekly capacity utilization to the highest in more than two years, as the greener production method becomes more competitive.

The average output of 94 independent EAF mills surveyed by consultancy Mysteel was equivalent to more than 61% of capacity in the week ended April 2. That’s the highest since January 2024 and breaks a trend whereby production has struggled to top the 60% threshold.