WEEKLY: China's rebar output recovers on week

Rebar production among the 137 Chinese steel mills under Mysteel's tracking recovered during the week of May 7-13 after declining for the fortnight prior, with Mysteel's latest survey showing output at 2.01 million tonnes, gaining by 2.4% or 47,500 tonnes on week.

Similarly, the rebar rolling capacity utilization rate among the sampled mills averaged 44.2% during the same period, higher by 1 percentage point on week, while the average run rate had also rebounded by 2.9 percentage points on week to 41%, another Mysteel survey showed. As some steelmakers had finished maintenance