【Capacity Utilization Rate】Independent EAF Steel Plants Show Increased Utilization at the End of May

The average capacity utilization rate of 87 independent EAF steel plants nationwide is 67.29%, with a month-on-month increase of 1.97 percentage points and a year-on-year decrease of 0.62 percentage points. The average capacity utilization rate is 49.37%, with a month-on-month increase of 1.15 percentage points and a year-on-year decrease of 6.50 percentage points. Learn more about the graphite electrodes market trend for electric arc furnace steelmaking.

This week, the capacity utilization rate and the average capacity utilization rate of independent EAFs in the country increased slightly. The main reason for the increase is the resumption of production in one EAF plant in the Jiangsu and Jiangxi regions of East China, as well as the resumption of production in several EAF plants that were under maintenance last week. Additionally, EAF plants in the South China region maintained normal production this week after resuming production last week. The spot prices continued to weaken this week, exacerbating losses for steel plants. Therefore, some steel plants reduced production time and implemented output cuts, resulting in only a slight increase in the data. One EAF plant in Guizhou region underwent maintenance this week, and all EAF plants in Guizhou are currently shut down with no definite plans for resumption.

Looking ahead to next week, two steel plants in the South China region have plans for maintenance shutdowns, but the timing is uncertain. Overall, it is expected that the capacity utilization rate and average capacity utilization rate of independent EAF plants may experience a slight decline next week. More reports on the EAF STEEL market, contact us for details.