WEEKLY: China's rebar output recovers further on week

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rebounded on week over March 5-11, with the production volume rising by 12.7% or 219,900 tonnes on week at 1.95 million tonnes, according to the latest weekly survey results.

Steelmaking facilities in some steel mills resumed operation following a pickup in demand, resulting in the substantial rise in production volume of reinforcing bars, Mysteel Global notes. The operational rate among the sampled mills averaged 38.4% this week, higher by 2.6 percentage points on week, while the rebar rolling capacity