WEEKLY: China's HRC output dips on week

After ticking up for two weeks, hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel fell slightly during October 30-November 5, easing by 1.67% to sit at 3.18 million tonnes, the results of Mysteel’s latest survey showed.

During the latest survey week, the HRC rolling capacity utilization rate among these sampled mills dropped by 1.38 percentage point on week to stand at 81.28%, while the operational rate also decreased by 1.56 percentage point to 78.13%, the survey results indicated. Shrinking profit margins for steel mills on their sales of the coils, plus production cuts in Tangshan in North China's Hebei province as