WEEKLY: China's rebar output retreats on week

China's rebar production retreated moderately this week, with the combined output of the 137 Chinese steel mills Mysteel regularly checks declining by 4.3% or 95,200 tonnes on week to 2.12 million tonnes over May 28-June 3, according to Mysteel's latest survey results.

The primary reason for the production decline was that some steelmakers opted to conduct maintenance of some steelmaking facilities, while others opted to allocate hot metal to produce other finished steel items instead of rebar, Mysteel noted in its weekly report. As such, the rebar rolling capacity utilization rate among