WEEKLY: China's HRC output edges up further

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel nudged up by a tiny 1% on week to 3.03 million tonnes during June 11-17, the results of Mysteel's latest survey showed.

Most hot strip mills operated by the 37 sampled mills continued running normally during the survey week, Mysteel Global noted. The average capacity utilization rate for strip mills among the surveyed makers rose by a small 0.8 percentage point on week to 77.32% during June 11-17, while their operation rate remained flat on week at 79.69%, according