UTC+8 ( BJT)

WEEKLY: China HRC price recovers slightly as output dips

ABSTRACT

Over November 22-26, China's domestic price of Q235 4.75mm hot-rolled coil (HRC) under Mysteel's assessment reversed up by a small Yuan 68/tonne ($10.7/t) on week after six weeks of declines to reach Yuan 4,797/t and including the 13% VAT as of last Friday, mainly due to lower output.
HRC production among the 37 mills under Mysteel's tracking reversed down after four weeks of increases over November 18-24, declining by 3.4% or 103,600 tonnes on week to 2.9 million tonnes. Their hot rolling capacity use declined accordingly by 2.65 percentage points on week to 74.58%, the data show. The

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