WEEKLY: China's HRC output largely steady, prices ease

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel remained largely stable during May 7-13, with the volume dipping by a small 1.2% on week to 2.97 million tonnes, Mysteel's survey showed.

Most hot strip mills operated by the 37 sampled mills maintained normal operations during the survey week, with their average operation rate staying unchanged on week at 78.13%, while their capacity utilization rate edged slightly lower by 0.96 percentage point to 75.84%. Currently most mills face no obvious pressure in receiving