NBS: China's rebar output in May jumps by 4% on year

Chinese production of rebars in May reached 17.7 million tonnes, jumping by 3.6% on year, according to the latest data released by the China's National Bureau of Statistics (NBS). Industry sources attributed the increase mainly to steelmakers beefing up production to enjoy the rosy margins available, rather than any response to an uptick in demand.

Chinese production of rebars in May reached 17.7 million tonnes, jumping by 3.6% on year, according to the latest data released by the China’s National Bureau of Statistics (NBS). Industry sources attributed the increase mainly to steelmakers beefing up production to enjoy the rosy margins available, rather than any