UTC+8 ( BJT)

WEEKLY: China's rebar output rises by 2% WoW

ABSTRACT

Rebar production among the 137 Chinese steel mills under Mysteel's tracking grew over November 25-December 1, rising by another 50,400 tonnes or 1.9% on week to reach 2.77 million tonnes, with steelmakers in East China posting the most significant gains in output. The increase was largely due to the production resumption and steady blast furnace operations among mills in East China's Jiangsu province, market sources shared.
Over the latest survey period, both rebar rolling capacity utilization and the operational rates among these surveyed steel producers rose on week, with the former gaining by 1.1 percentage points on week to 60.8%, and the latter reversing up by about 1 percentage point to 52.8%.   Chinese steel prices fluctuated modestly

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