WEEKLY: China's rebar output drops to 9-month low

The total volume of reinforcing bars produced by the 137 Chinese steel mills that Mysteel regularly follows declined further over November 6-12 to hit the lowest level in nearly nine months, according to Mysteel's latest weekly survey.

At some 2 million tonnes, the total was lower by 4.1% or 85,400 tonnes on week and by a larger 14.5% compared with the same week last year, the survey results revealed. During the survey week, the operational rate among the sampled mills also fell further, inching down by another