WEEKLY: China's HRC output hovers low, prices stay rangebound

Hot-rolled coil (HRC) production among the 37 Chinese steelmakers surveyed by Mysteel during September 17-23 dipped further by 9,600 tonnes or 0.33% on week to sit at 2.86 million tonnes, the results of Mysteel's latest survey showed.

Widening margin losses on steel sales among blast furnace mills continued to prompt them to rein in production during the past two weeks, causing hot coil output to refresh record lows, Mysteel Global noted. The average capacity utilization rate for strip mills among the surveyed 37 steelmakers inched down by