WEEKLY: China's HRC output edges up again, prices largely steady

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel rose by 38,000 tonnes or 1.2% on week during January 22-28 to register 3.09 million tonnes, the latest survey results showed.

Improved profitability among steel mills propelled more makers to restart idled rolling mills and banked blast furnaces during the survey week, causing HRC output to mount slightly. However, overall hot coil supply remained relatively low compared with the same time last year, with last week's output still lower by