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WEEKLY: China's HRC output at 4.5-month high of 3.2 m t

ABSTRACT

Over January 13-19, total production of hot-rolled coil (HRC) among the 37 Chinese flat steelmakers under Mysteel's tracking reached a 4.5-month high of 3.2 million tonnes, mainly due to the production resumption among steelmakers in North and Northeast China after their maintenance stoppages, according to market sources.
During the latest survey period, HRC output gained 47,900 tonnes or 1.5% on week, and the rolling capacity utilization among these surveyed mills grew accordingly by 1.22 percentage points on week to 80.79%.   With the Chinese New Year (CNY) holiday over January 31-February 6 around the corner, some traders had taken

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