WEEKLY: China's HRC output slips but stocks mount further

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged down by a marginal 0.4% during October 2-8 to sit at 3.23 million tonnes, the results of Mysteel’s latest survey showed.

Despite the small drop in HRC output, production of hot coils remained relatively elevated during the period, when compared with the 3.08 million tonnes recorded over October 3-9 2024. This was likely because most blast furnace mills making HRC were still able to make a profit last week, in