NBS: China's rebar output falls 9% YoY in Jan-Feb

China's total production of rebar declined by 9.1% on year to sit at 26.9 million tonnes over January-February, according to the latest data released by the country's National Bureau of Statistics (NBS) on March 19.

The NBS combines the national rebar output in January with February's, as the Chinese New Year holiday usually falls in either of the two months, Mysteel Global notes. Weak demand from end-users and losses on rebar sales led Chinese steelmakers to scale back production in the opening two months of