WEEKLY: China's rebar output retreats on week

China's rebar production dropped slightly over July 23-29, with the combined volume produced by the 137 domestic steelmakers under Mysteel's coverage edging down by 0.6% or 11,300 tonnes on week to around 2 million tonnes, according to Mysteel's latest survey results.

During the survey week, integrated steel makers in Tangshan, China's top steelmaking hub in Hebei province, were required to slash operating capacity on blast furnaces and sintering machines by 20% to 40% from July 25 to 29, as Mysteel Global reported. As such, the rebar rolling capacity utilization rate among