WEEKLY: China's rebar output marks time on week

Rebar production among the 137 Chinese steel mills that Mysteel regularly checks held largely steady over January 8-14, edging down by a small 0.4% or 7,400 tonnes on week to sit at 1.9 million tonnes, according to Mysteel's weekly survey.

Similarly, the rebar rolling capacity utilization rate among the sampled mills averaged 41.7% during the same period, lower by 0.2 percentage points on week, while the average operational rate also inched down by 0.3 percentage points to 38.7%. Some steel mills conducted maintenance on their blast furnace and rebar rolling