Mill maintenance will bring little relief to oversupplied HRC market

The recent slew of mill maintenances announced by major Chinese hot roll coil producers is unlikely to have any impact on the country's depressed domestic market, participants said.


As the chart compiled by Steel First shows, nine key steelmakers, mostly in northern China, have announced maintenance plans for their hot rolling mills for this month, with total estimated HRC output loss of nearly 900,000 tonnes. Some of the scheduled works have been in the pipeline for months, and it’s reasonable for mills to carry out the work at the moment while spot market prices are falling, market participants told Steel First. However, a drop of almost one million tonnes in production will...

Published

Della Fu

April 17, 2015

10:46 GMT

Shanghai

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