NBS: China's Jan-Oct rebar output drops 2% YoY

China's total output of reinforcing bars during this year's January-October period declined by 2% compared with the same period last year to 158 million tonnes, according to the latest release by the National Bureau of Statistics (NBS) on November 18.

The cumulative output posted a larger on-year decline compared with the minimal 0.1% drop for the January-September period, reflecting the double-digit on-year decrease in output last month. The NBS figures show that rebar production across China during October slumped by 18.6% to 14.34 million tonnes, which was also lower