MYSTEEL: China’s CRC production to recover in H2
Jul 10, 2020 16:30
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Chinese producers of cold-rolled coil (CRC) are expected to step up production gradually starting July from the historical low recorded in May, as the mills secured more orders in June and July, according to Mysteel’s latest report released on July 9.
In this year’s first half, weak demand due to the COVID-19 outbreak and the losses the mills were generating making CRC led rolling capacity utilization to slide to a historical low in May, with the losses continuing into June. However, the quantity of new orders that mills concluded in June