NBS: China's rebar output falls 16% in Jan-Sept

Production of rebars across China declined by 15.7% on year to total 145.1 million tonnes in the first nine months of 2024, according to the latest data released by the country's National Bureau of Statistics (NBS) on Tuesday. In September alone, output for the long steel product decreased 16.6% on year to 15.3 million tonnes.

Rebar accounted for 13.9% of the country's total finished steel production of 1.04 billion tonnes in January-September and 13.1% of the 117.3 million tonnes of finished steel produced in September, the NBS data showed. Despite the on-year decline, rebar output last month saw a recovery of 22% from August, Mysteel