WEEKLY: China's HRC output rebounds, prices tick up

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel nationwide recovered during September 4-10 after the previous week’s sharp decline, rising by 3.5% to reach 3.25 million tonnes, Mysteel’s latest survey results showed.

As market sentiment has improved with the arrival of the autumn and its promise of stronger steel sales, so rolling mills across the country have generally reduced maintenance work and shifted to high gear to seize more profits, according to a survey participant. Over the survey week, both HRC rolling capacity