WEEKLY: China's HRC output dips to a 2.5-month low

After the previous week’s small rebound, hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged down again during May 21-27, with the volume declining by a small 1.3% on week to 2.96 million tonnes, the lowest level since the March 5-11 period, the results of Mysteel's latest survey showed.

One mill in North China stopped production during the survey week to conduct an overhaul, while most hot strip mills operated by the 37 sampled mills continued running normally during the survey week, Mysteel Global noted. China's HRC production has been relatively restrained so far this year, even during the spring