WEEKLY: China's rebar output drops further on week

China's rebar production declined again on week over July 9-15, with the combined weekly output of the bars among the 137 domestic steel mills under Mysteel's coverage dropping by 4% or 83,200 tonnes to 1.97 million tonnes, Mysteel's latest survey showed.

Similarly, the rebar rolling capacity utilization rate among the sampled mills averaged 43.2% during the same period, sliding by 1.8 percentage points on week, while the average run rate had also slipped by 1 percentage point on week to 39%, another Mysteel survey showed. Worsening profits on rebar sales and