WEEKLY: China's HRC output lifts for 3rd week

Production of hot-rolled coils (HRC) among the 37 Chinese steelmakers Mysteel regularly monitors totalled 3.28 million tonnes during the week of June 26-July 2, inching up 0.3% or 9,000 tonnes on week and marking the third successive on-week rise, the results of Mysteel's weekly production survey show.

The hot-rolling capacity utilization rate among the sampled mills also rose 0.23 percentage point on week to average 83.83%, while their average operational rate remained flat at 81.25%, the data indicated. The marginal increase in output was attributed to several mills adjusting their production plans to produce more HRC, according