NBS: China's Q1 rebar output drops 12.3% YoY

China's total rebar output over the first quarter of 2026 declined by 12.3% on year to sit at 42.32 million tonnes, according to the latest release from the National Bureau of Statistics (NBS) on April 21.

The NBS numbers show the on-year decline of cumulative rebar production widened by 3.3 percentage points from 9% in the first two months of this year, mainly due to the low output of reinforcing bar in March. NBS data in the same release indicated that the tonnage last month