WEEKLY: China's HRC output gains 1.1% on week

Total production of hot-rolled coil (HRC) among the 37 Chinese flat steelmakers under Mysteel's tracking gained by 35,400 tonnes or 1.1% on week to reach 3.1 million tonnes over June 1-7.

Contributing mainly to the rise in overall output was the fact that some mills in North and East China resumed production after completing maintenance shutdowns, the survey showed. During the same survey period, the monitored mills' hot-rolling capacity utilization rate also increased by 0.91 percentage point on week to 80.12%,