WEEKLY: China's rebar output drops to a 9.5-mth low

Rebar output among the 137 Chinese steel mills under Mysteel's regular tracking retreated by a significant 8.1% or 167,700 tonnes on week over November 27-December 3 to hit 1.89 million tonnes, marking the lowest weekly output since mid-February this year, according to Mysteel's latest weekly survey.

The rebar rolling capacity utilization rate among the sampled mills averaged 41.5% during the same survey week, down by 3.7 percentage points on week, while the average operational rate retreated by 4.6 percentage points on week to sit at 37.4%, the results of another weekly survey showed. Both rates