NBS: China's rebar output declines 3.2% YoY over Jan-Nov

China's total production of rebars during January-November this year dropped by 3.2% on year to 173 million tonnes, according to the latest release by the National Bureau of Statistics (NBS) on December 18.

The dip in the cumulative total reflects the on-year plummet in output last month of 17.6% to 13.75 million tonnes, which was also lower by 4.1% from October. Last month, rising steelmaking raw material prices especially those of metallurgical coke eroded profitability for blast furnace (BF) mills, suppressing their production