WEEKLY: China's rebar output rises 3% WoW

The total production of rebars by the 137 Chinese steel mills that Mysteel regularly monitors increased for a second consecutive week over October 23-29 to reach 2.13 million tonnes, up by 2.7% or 55,200 tonnes on week, according to Mysteel's latest weekly survey.

During the same week, the rebar rolling capacity utilization rate and the operational rate among the sampled mills also picked up, rising by 1.2 percentage points on week to 46.6% and by 0.3 percentage points on week to 43.3% respectively, another Mysteel survey showed. However, the combined rebar production among