WEEKLY: China rebar output at a record high of 4 mln t
Jun 15, 2020 17:00
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Weekly rebar output among China’s 137 steelmakers hit the highest in record since Mysteel commented the survey in February 2015, totalling 3.99 million tonnes over June 4-10, or up for the 15 straight week by another 0.8% on week, though domestic steel demand has shown signs of receding since the second week of May on the more frequent and heavy rainfalls especially in South China.
For the 137 sampled mills, their rebarrolling capacity utilization rate also hitits new five-year highof 87.4% over June 4-10, or up another 0.7 percentage point on week, and their average operational rate of the rolling lines moved up 2 percentage points on week to 78.4%, according to Mysteel’s study.