WEEKLY: China's rebar output rises further on week

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rose for a third consecutive week over March 12-18, with the weekly production volume rising by 4.1% or 80,300 tonnes on week at 2.03 million tonnes and topping 2 million tonnes for the first time since end-November last year, according to Mysteel's latest weekly survey results.

The substantial rise in rebar output resulted from some mills resuming operations in response to a pickup in demand, Mysteel Global noted. The findings of another Mysteel survey fleshed out the reasons for the production gain, showing that the operational rate among the sampled mills averaged 39% this week, higher