WEEKLY: China's HRC output and prices edge higher

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel rose again during January 1-7 to register 3.06 million tonnes, though this was higher by only 10,000 tonnes or 0.33% on week, the latest survey results showed.

Steel mills maintained a steady supply of the flat steel last week as many have completed annual overhauls and resumed operations from the beginning of the new year. As a result, the HRC rolling capacity utilization rate among the sampled mills inched up by 0.25 percentage points on week to average 78.05% during