WEEKLY: Poor margins clip China's rebar output

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks declined during the week of March 19-25, with the production volume dropping by 2.7% or 54,600 tonnes on week at 1.98 million tonnes, according to the latest weekly survey results.

Thinning margins led some mills to idle their bar mills during the week and conduct maintenance, resulting in the drop in rebar output, according to market sources. The results of another Mysteel survey bear this out, with the rebar rolling capacity utilization rate among the sampled steelmakers averaging 43.4% during