WEEKLY: China's HRC output steadies, stocks edge up as CNY approaches

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel dipped by a negligible 500 tonnes on week to remain largely stable at 3.09 million tonnes during January 29-February 4, the latest survey results showed. This was 4.6% lower on year, Mysteel Global noted.

The HRC rolling capacity utilization rate among the sampled mills inched down by 0.02 percentage point on week to average 78.98% during the survey period, while their average operational rates stayed unchanged for the second straight week at 78.13%, according to the survey findings. With Chinese New Year (CNY) only one week away, production activity at many coil coating works and