WEEKLY: China's HRC output edges down on week

Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors dipped slightly during the July 10-16 week, sitting at 3.21 million tonnes, lower by a tiny 0.6% or 20,000 tonnes from the previous week, the results of the weekly production survey show.

Meanwhile, the hot-rolling capacity utilization rate among the 37 sampled mills also inched down by 0.51 percentage points on week to stand at 82.04% during the survey week, while their average operational rate slipped by 1.56% to average 79.69%. The operational rate of the hot strip mills in Mysteel's