WEEKLY: China's HRC output dips further, prices remain weak

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel inched down further during May 28-June 3, with the volume falling by a minimal 0.09% on week to 2.95 million tonnes, the results of Mysteel's latest survey showed.

Most hot strip mills operated by the 37 sampled mills continued operating normally during the survey week, Mysteel Global noted. The average capacity utilization rate among the surveyed strip mills edged down by 0.08 percentage point on week to 75.42% during May 28-June 3, while their operation rate stood flat at 78.13%, according to