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WEEKLY: China's rebar output recovers after a 3-w drop

ABSTRACT

Over November 18-24, rebar production among the 137 Chinese steel mills under Mysteel's tracking found bottom after three weeks of declines and reversed up slightly by 16,700 tonnes or 0.6% to reach 2.72 million tonnes. The rebound was mainly due to higher production among mills in Northeast China's Liaoning, Northwest China's Shaanxi, and North China's Hebei, the data show.
However, rebar output among the surveyed mills was still lower by a huge 24.4% or 879,200 tonnes on year, the survey shows.   During the survey week, the rebar rolling capacity utilization rate among the surveyed steel producers recovered after three successive weeks of dips, though up by just 0.4 percentage point

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