NBS: China’s rebar production increases 17.8% YoY
Jan 23, 2020 12:00
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China’s domestic rebar output totalled 249.7 million tonnes in 2019, up 17.8% on year and being faster than the 9.4% year-on-year increase for 2018, according to the latest data released by China’s National Bureau of Statistics (NBS), indicating China’s robust demand for the most liquid finished steel product.
The growth in rebar production was way higher than the 9.8% annual growth in China’s all finished steel for 2019 to 1.2 billion tonnes, or accounting for about 20.7% of the total production, accordignto the NBS statistics.
Mysteel’s survey among 137 long steelmakers across China showed a similar trend, as their