WEEKLY: China's HRC output rebounds on week

After falling for three consecutive weeks, production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors recovered to 3.2 million tonnes during the week of July 24-30, higher by 53,000 tonnes or 1.67% on week, the results of the latest weekly production survey show.

The hot-rolling capacity utilization rate among the 37 mills also rebounded by 1.36 percentage points on week to average 82.47% last week, while their average operational rate also ticked up by 1.56 percentage points to sit at 81.25%, the survey findings indicated. Some steel mills in North China had resumed hot coil production during the survey week after ending overhaul stoppages, resulting