WEEKLY: China's HRC output retreats 1.2% on week

Total production of hot-rolled coils among the 37 Chinese flat steelmakers under Mysteel's regular tracking declined over June 15-21, slipping for the second week by another 36,500 tonnes or 1.2% on week to total 3.1 million tonnes.

Some steel mills in East China halted production to conduct maintenance work on their steelmaking or rolling facilities, leading to the further fall in the overall hot coil output, according to the survey. During the same survey period, the hot-rolling capacity utilization rate of these monitored mills also dropped by 0.93 percentage