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WEEKLY: China’s rebar output rebounds to 3-month high

Total rebar output among China’s 137 sampled steel producers including integrated and mini mills under Mysteel’s weekly survey recovered by 2% on week to its three-month high of 3.6 million tonnes during November 28-December 4, according to Mysteel’s latest weekly report.
Both rebar operational and capacity utilization rates at these surveyed mills reversed up on week, with the former up one percentage point on week to 76.4% and the latter up 1.5 percentage points on week to 79.6% respectively, according to the report. The recoveries were attributed to resumption of rolling lines

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