WEEKLY: China's HRC makers throttle back after CNY as retail stocks swell

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel nudged down by 2,000 tonnes or a minimal 0.06% on week to stay around 3.1 million tonnes during February 19-25, the latest survey results showed.

The dip shouldn't surprise as the survey period partly coincided with this year's Chinese New Year (CNY) break that began on February 15 and ended on February 23 when most integrated steelmakers produced as normal while the rest of China holidayed. Their steady production during the break and the slow recovery in