Posted on 24 Jun 2025
Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors stayed largely flat at 3.25 million tonnes over June 13-19, higher by just 8,000 tonnes or 0.2% on week, the results of Mysteel's latest production survey show.
The hot-rolling capacity utilization rate among the sampled mills also inched up by 0.2 percentage points to average 83.14% during the same period, the results indicated.
Mainly responsible for the slight on-week rise in hot coil output were some steel mills in North China that resumed hot strip mill operations after maintenance during the survey week, respondents noted.
The dominant stance in China's HRC market during the survey week remained wait-and-see, with end-users maintaining normal coil purchases and remaining largely disinterested in speculative buying, market watchers noted. Some steelmakers opted to pare their quotations to attract sales in the dull market, but buyers were generally indifferent.
As of June 20, China's national price of Q235 4.75mm HRC under Mysteel's assessment was firm on week at Yuan 3,236/tonne ($450/t) including the VAT, higher by just 0.2% on week.
As of same day, the most-traded HRC futures contract on the Shanghai Futures Exchange for October delivery had increased by 1.1% on week to close the daytime trading session at Yuan 3,116/t.
Regarding stocks, HRC inventories held by the 37 surveyed mills had remained stable on week at around 765,200 tonnes as of June 19. Meanwhile, HRC stocks held by traders at commercial warehouses in the 33 Chinese cities that Mysteel monitors nationwide had decreased by 1.9% on week to land at 2.64 million tonnes.
Source:Mysteel Global
