WEEKLY: China's rebar output pulls back after CNY holiday

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks declined on week during February 19-25, with the production volume down by 3.1% or 52,800 tonnes on week at 1.65 million tonnes, according to Mysteel's latest weekly survey results. The survey period partly coincided with this year's nine-day Chinese New Year (CNY) holiday from February 15-23.

Uncertainties in the property sector have caused some steel mills to cut their output of rebar and wire rod this week, serving as one of the reasons for the output drop, as Mysteel Global has reported. By province, steelmakers in East China's Jiangsu, Central China's Hunan and Southwest China's