WEEKLY: China's HRC output drops after two-week rise

Production of hot-rolled coils (HRC) among the 37 Chinese steelmakers regularly surveyed by Mysteel saw a pullback during November 27-December 3, falling by 1.5% or 47,000 tonnes on week to 3.14 million tonnes, the latest survey results showed.

During the same survey week, the HRC rolling capacity utilization rate among these sampled mills decreased by 1.2 percentage points on week to average 80.3%, while their average operational rate also fell by 1.56 percentage points to 78.13%, the results found. As the year-end approaches, steel mills have ceased operations