In June, China’s total hot-rolled (HRC) and cold-rolled (CRC) steel coils production were 17.711 million tonnes and 3.465 million tonnes, up 12.9% and 3.0% year-on-year, while it decreased by 0.93% and increased by 2.51% compared to May respectively.

From January to June 2023, China’s hot-rolled (HRC) steel coils output reached 100.79 million tonnes, up 9% yearly. In the same period, China’s cold-rolled (CRC) steel coils output reached 17.767 million tonnes, down 4.0% year-on-year, according to China’s National Bureau of Statistics (NBS).

HRC hot-rolled steel coil prices in China’s domestic market rose in June amid the HRC futures contract prices rising trend, with the June high of CNY 3,945/t ($552/t) on June 16, and the lowest level for the month at CNY 3,765/tonne ($527/t) on June 1.