WEEKLY: China's rebar output rebounds on week

China's rebar production recovered slightly this week, with the combined output of the 137 Chinese steel mills Mysteel regularly checks edging up by 1.2% or 24,400 tonnes on week to 2.15 million tonnes over June 4-10, according to Mysteel's latest survey results.

Some steel mills adjusted their production plans to produce more reinforcing bars, while others ramped up rebar output to some extent, both of which accounted for most to the increase in rebar volume, Mysteel noted in its weekly report. As such, the rebar rolling capacity utilization rate among the sampled