WEEKLY: China's rebar output falls on week

After the brief recovery the previous week, China's rebar production retreated over July 2-8, with the combined output of the bars among the 137 domestic steel mills under Mysteel's coverage dropping by 5.2% or 113,600 tonnes on week to 2.05 million tonnes, Mysteel's latest survey showed.

Similarly, the rebar rolling capacity utilization rate among the sampled mills averaged 45% during the same period, down by 2.5 percentage points on week, while the average operational rate had dropped by 1.3 percentage points on week to 40%, another Mysteel survey showed. Facing deepening losses from rebar sales and