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After the National Day holiday, China domestic electric arc furnace (EAF) steel market has shown signs of improvement, with EAF steel mills in Sichuan, Yunnan, Guizhou, and Jiangsu regions resuming full production. In terms of cost, the current losses for EAF steel mills have narrowed to within 100 yuan, while long-process steel mills, due to tight supplies of iron ore and coking coal, have seen their molten iron costs rise by more than 100 yuan above scrap steel costs, resulting in immediate losses of 100-150 yuan. Following this trend, even if there are obstacles to implementing flat steel production control, it is only a matter of time before small and medium-sized long-process steel mills proactively reduce production.
According to the latest news, steel mills in the Northwest region, such as Shanxi and Shaanxi, have already announced post-holiday plans to lead orderly production cuts of 10%-30%. Prior to this, Yunnan steel mills also announced similar plans. For electric arc furnace steel and graphite electrodes, the "good market" has just begun. Focus on the Latest Graphite Electrode Market News and Feel Free to Contact Us Anytime.
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