MONTHLY: China's HRC prices seen under pressure in October

After September’s broad retreat in China's hot-rolled coil (HRC) prices, the country’s HRC market this month is expected to come under further strain from softening demand amid stable or even loose supply, Mysteel's latest monthly report on the flat steel indicates.

Output of hot coils is expected to remain ample in October due to the relatively high profit margins steel mills can earn, especially when compared with the barely profitable margins the mills currently enjoy on long steel products such as rebar. As of September 30, the profit margins earned by