In January-October this year, China's hot-rolled coil (HRC) production was 187.496 million tons, up 5.3 percent year-on-year, according to China's National Bureau of Statistics (NBS).
During the same period, China's cold-rolled coil (CRC) production was 40.346 million tons, up 7.9 percent year-on-year. the previous year.
In October alone, the production of hot-rolled coil (HRC) and cold-rolled coil (CRC) in China amounted to 18.145 million tons and 4.397 million tons, increasing by 6.3% and 10.7% year-on-year, and decreasing by 0.67% and 5.13% month-on-month calculus, respectively.
In October, HRC prices in the Chinese domestic market first moved sideways due to the National Day holiday, then decreased, recovering by the end of the month. The highest price level for HRC in October was observed at 3465 yuan/t ($488/t) on October 1-8, and the lowest level was observed on October 21-22 at 3360 yuan/t ($473/t).
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