MYSTEEL: China's rebar output, demand to decline further in '25

China's rebar production and demand are expected to decline further this year, continuing the trend from the previous year, Mysteel predicts in its newly-published report for this long steel product. The country's rebar output is forecasted to fall by 6% on year this year to reach 202 million tonnes, while demand is expected to decrease by 7.2% on year to 199 million tonnes.

In 2025, Chinese steelmakers are likely to maintain the same approach to production they used in 2024, which focused on aligning production levels with actual market demand. This strategy involves more flexible supply adjustments, ensuring that output is closely tied to the fluctuating needs of the market, according to