WEEKLY: China's HRC output inches down on week

Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors totalled 3.05 million tonnes during October 10-16, nudging down by 29,000 tonnes or 0.94% on week, the results of Mysteel's weekly production survey show.

Meanwhile, the hot-rolling capacity utilization rate among the 37 mills also slipped by 0.75 percentage point to average 77.99% during the same period, the survey found. Some steel producers in North China stopped their hot strip mills during the period to conduct maintenance, resulting in the on-week reduction in HRC output, survey respondents noted. Moreover, as the lift in market