China hot-rolled coil, plate output to grow in May as mills recover from maintenance

Published: May 12, 2020 11:15 (GMT+8)
An SMM survey showed that 35 steelmakers in China plan to produce a total of 9.34 million mt of hot-rolled coils and plates in May, up 3.1% from the realised output of 9.06 million mt in April.

SHANGHAI, May 12 (SMM) – China’s output of hot-rolled coils and plates will expand in May, due to the recovery from maintenance and switches from cold-rolled products.

 

The commissioning of a new 1450mm hot-rolling line at Hebei-based Zongheng Iron & Steel will also help bolster output.

 

An SMM survey showed that 35 steelmakers in China plan to produce a total of 9.34 million mt of hot-rolled coils and plates in May, up 3.1% from the realised output of 9.06 million mt in April.

 

The output for export will fall sharply to 242,500 mt in May, as the global COVID-19 lockdowns has dealt a blow to foreign demand.

 

The rest 9.1 million mt will be for domestic sales, marking a significant increase from last month.

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