WEEKLY: China's rebar output stays largely stable on week

Rebar production among Chinese steel mills remained largely steady over the week of October 15-21, with the combined production of the 137 domestic steelmakers under Mysteel's tracking rising by just 8,400 tonnes on week to total 1.75 million tonnes, according to Mysteel's latest survey result.

But rebar output still hovers at relatively low level, with last week's output being nearly 16% below that for the same week last year, the same survey showed. Another Mysteel weekly survey showed that rebar capacity utilization among the 137 sampled mills rose by 0.2 percentage points on week to