WEEKLY: China's HRC output edges up further, prices end decline

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged up slightly by another 17,400 tonnes on week to 3.04 million tonnes during July 2-8, after the previous week’s tiny uptick, the results of Mysteel's latest survey showed.

The average capacity utilization rate for strip mills among the surveyed 37 makers rose by a tiny 0.44 percentage point on week to 77.67% during the survey week, while their operation rate remained unchanged for two weeks at 81.25%, according to the survey results. The small rebound was mainly caused by certain rolling lines at mills in