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UTC+8 ( BJT)

MYSTEEL: China HRC output, demand to climb in 2022

ABSTRACT

Production and apparent consumption of carbon-steel hot-rolled coil (HRC) in China will both climb in 2022, edging up by 2.2% and 2.3% on year respectively, Mysteel predicts in its newly-published forecast for the product. Hot coil prices may retreat further however, the report warned.
During the coming year, Chinese production of HRC will increase to 254.9 million tonnes - from the 249.4 million tonnes predicted for this year - as the country's hot strip mill capacity is expected to grow by 10.9-17.9 million tonnes/year. Southwest China will host most of the additional HRC capacity

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