WEEKLY: China's HRC output climbs for 3rd straight week

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel rebounded for a third week during October 29-November 4, rising by 31,900 tonnes or 1.1% on week to reach 2.91 million tonnes, the results of Mysteel's latest survey showed. HRC output had crept higher by 0.68% during October 22-28 and by 0.93% the week before, as reported.

Production at mills that had previously resumed operation after maintenance continued to climb during the survey period, lifting overall HRC output, the survey findings showed. The average capacity utilization rate for hot strip mills operated by the 37 steelmakers increased by 0.82 percentage point on week to 74.42% during the survey week. On the other hand, production on one mill in North China