WEEKLY: China's HRC output recovers further

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel climbed by 54,000 tonnes or 1.8% on week during March 19-25 to reach around 3.06 million tonnes, as blast furnace mills in North China continued to resume production in succession after the removal of previous mandated production curbs, Mysteel Global learned.

During the latest survey week, the hot coil rolling capacity utilization rate among the 37 sampled steel mills rose by 1.43 percentage points on week to average 78.08%, while their average operation rate was flat for the fourth consecutive week at 78.13%. Downstream demand for hot coils also showed a