WEEKLY: China's rebar output dips further

China's rebar output declined slightly further over October 9-15, with the combined tonnage produced by the 137 Chinese steel mills under Mysteel's tracking at 2.01 million tonnes, down by 1.1% or 22,400 tonnes from the prior week and marking the second consecutive weekly drop, according to Mysteel's latest weekly survey.

The average rebar rolling capacity utilization rate among the 137 sampled mills slid by 0.5 percentage point on week to sit lower at 44.1% during the same survey period. Notably, rebar production in Northeast China's Heilongjiang, South China's Guangdong and Southwest China's Sichuan provinces posted larger drops as some local