WEEKLY: China's rebar output retreats by 4% on week

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks pulled back during the week of January 29-February 4 after the gains over the previous fortnight, with the production volume falling by 4.1% or 81,500 tonnes on week to 1.92 million tonnes, according to latest weekly survey results.

Similarly, the rebar rolling capacity utilization rate among the sampled mills averaged 42% during the same period, also dropping by 1.8 percentage points on week, another Mysteel survey showed. Some steel mills in Southwest China's Sichuan and Guangxi provinces, as well as in North China's Hebei, halted operations on some