WEEKLY: China's rebar output rises further on week

Rebar production among the 137 domestic steelmakers under Mysteel's tracking continued rising during October 29-November 4, climbing for a fourth consecutive week by 2.6% or 47,200 tonnes on week to 1.86 million tonnes, according to Mysteel's latest survey.

The further increase was mainly driven by improving rebar sales margins, which encouraged some steelmakers, particularly electric-arc-furnace (EAF) mills, to bring idled steelmaking facilities back online. Meanwhile, some mills also allocated more hot metal to rebar production, further lifting overall output, Mysteel noted in its weekly roundup. Reflecting the production