WEEKLY: China's rebar output declines on week

Rebar output among the 137 Chinese steel mills Mysteel regularly tracks pulled back slightly during the week of April 9-15, with the production volume retreating by 1.1% or 24,500 tonnes on week to 2.13 million tonnes, according to Mysteel's latest survey results.

Some rebar steelmakers slowed operations on their rebar rolling mills this week, resulting in the small dip in output, the results show. The rebar rolling capacity utilization rate among those mills dropped by 0.5 percentage points on week to average 46.7% over the same period, the data show, with steelmakers