HRC Output Fell due to Maintenance of Steel Mills in North China.

Published: Mar 16, 2023 17:02

Source: SMM

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The output of rebar rebounded slightly last week as the EAF-based steel mills that stopped the production earlier resumed production and the BF-based steel mills maintained a medium-to-high production capacity amid improving profits.

SHANGHAI, Mar 16 (SMM)- The output of rebar rebounded slightly last week as the EAF-based steel mills that stopped the production earlier resumed production and the BF-based steel mills maintained a medium-to-high production capacity amid improving profits. In the follow-up stage, the profits of EAF-based steel mills still have room to expand, and thus the subsequent rebar output is still expected to increase. The weekly output of HRC has dropped due to the maintenance of some steel mills in north China. According to the latest tracking by SMM, the average daily HRC output planned by 39 mainstream steel mills in March will be about 466,300 mt, down 18,800 mt or 3.87% compared with February

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