WEEKLY: China's HRC output inches up, prices decline for 5th week

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged up by a minimal 0.59% or 17,600 tonnes on week to 3.02 million tonnes during June 25-July 1, 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 tiny 0.45 percentage point on week to 77.23% during June 25-July 1, while their operation rate remained flat on week at 81.25%, according