WEEKLY: China's rebar output rises further on week

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rose further during the week of April 2-8, with the production volume climbing by 4.1% or 84,900 tonnes on week at 2.16 million tonnes, according to Mysteel's latest survey results.

As expectations for a further recovery in demand remain high, some steelmakers are bringing idled production facilities back online including those for rebars, Mysteel Global noted. The run rate for rebar mills among these sampled producers averaged 41% during the survey week, mounting by 1.6 percentage points on week, while