WEEKLY: China's rebar output largely stable on week

Rebar output among the 137 Chinese steel mills nationwide under Mysteel's survey remained largely stable over February 15-21, nudging down by just 0.1% or 1,900 tonnes on week to 1.92 million tonnes and making for the ninth successive weekly decline, according to the latest data.

Meanwhile, compared with the same period last year, rebar output during the survey week was lower by a significant 32%, the statistics showed. During the survey period, rebar rolling capacity utilization among the surveyed producers remained unchanged on week at 42.1%, while the operational rate among these mills edged up