WEEKLY: China's HRC output holds steady

Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors totalled 3.24 million tonnes over January 30-February 5, higher by just 7,000 tonnes or 0.22% on week, the results of Mysteel's production survey show.

The hot-rolling capacity utilization rate among the sampled mills nudged higher by 0.18 percentage point to average 82.81% during the same period, the results indicated. The tiny on-week increase in output was mainly at mills in central and northern China, survey respondents noted, emphasizing that the rise resulted merely from some steel producers lifting