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WEEKLY: China's rebar output dips further to 2.7 mln t

ABSTRACT

Rebar production among the 137 Chinese steel mills under Mysteel's survey retreated for the third week over November 11-17 by another 121,500 tonnes or 4.3% to 2.7 million tonnes. The on-week decline was faster than the 2% on-week slide in the prior week.
With the recent deep falls in domestic finished steel prices, more Chinese steel mills have been operating at a loss, Mysteel Global noted. In addition, with the start of the autumn-winter heating season in many parts of the country, many steelmakers in North China's Beijing-Tianjin-Hebei region, in Central China's Henan

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