WEEKLY: China's rebar output recovers on week

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rebounded on week over February 26-March 4, with the production volume rising by around 5% or 82,100 tonnes on week at 1.73 million tonnes, according to the latest weekly survey results. The sample week was the first following the end of the country's nine-day Chinese New Year (CNY) holiday on February 23, Mysteel Global notes.

During the sample week, work on most construction sites had gradually resumed by the Chinese Lantern Festival on March 3 and businesses had reopened, with the result that some steel mills switched some steelmaking facilities back online over the survey period. This is given as the primary reason for