Industry News

China maintains high HRC outputt

Views : 85
Update time : 2024-02-27 16:55:29
After the Spring Festival holiday, as of February 22, 35 hot-rolled enterprises in China produced about 3.56 million tons of hot-rolled coil (HRC) during the week, around 600,000 tons more than the same period of the previous year.

While China's HRC supply still maintains at a relatively high level, the local market demand remains weak. Steel mills transfer their stock to society, which causes an increase in social inventory.

Up to February 23, the Chinese HRC social stock was calculated to be 2.98 million tons. As more new hot-rolled production lines are ready to start operation this year, industry insiders lack confidence in meeting a better market in the near future.
Related News
Read More >>
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
May .29.2025
Enhancing the durability of aluminium profiles with Alborz Pasargad’s nanostructured coatings
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
May .29.2025
NASA’s supersonic aircraft clears ‘aluminium bird’ testing, setting up the runway for its first flight
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
May .29.2025
GAC’s 2Mt bauxite pile-up in Guinea: What built it, what’s blocking it, and what could break the deadlock
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL
May .29.2025
Russia’s largest aluminium foil mill eyes 12% output growth following investment from RUSAL