WEEKLY: China's HRC output slips for 3rd week

Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors inched down for a third week during October 24-30 to 3.03 million tonnes, slipping by another 11,000 tonnes or 0.36% on week, the results of Mysteel's weekly production survey show.

The hot-rolling capacity utilization rate among the 37 mills also nudged down by another 0.28 percentage point to average 77.48% during the same period, the survey found. Some steel mills in North China halted their HRC production to conduct maintenance during the survey week, leading to the on-week decrease in output, survey respondents observed. In addition, the better