WEEKLY: China's HRC output slips on week

Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors slid by 1.1% or 36,500 tonnes on week to 3.17 million tonnes over July 17-23, the lowest level since May 15-21, the results of Mysteel's latest production survey show.

The hot-rolling capacity utilization rate among the 37 sampled mills also dipped by 0.93 percentage points on week to stand at 81.11% during the survey week, while their average operational rate stayed flat at 79.69%. Continuing maintenance work on hot strip mills among steelmakers in northern China accounted for the on-week fall, Mysteel Global noted. During the sample