WEEKLY: China's rebar output rises further on better profit margins

Rebar output among the 137 Chinese steel mills that Mysteel monitors regularly climbed further during December 18-24, rising by 1.5% or 27,100 tonnes on week to 1.84 million tonnes, according to Mysteel's weekly survey.

During the same survey week, the rebar rolling capacity utilization rate among the sampled mills edged up by 0.6 percentage points on week to average 40.4%, the findings of another Mysteel survey showed. Some steel mills lifted their rates of steel production overall, while others opted to allocate more hot