NBS: China's rebar output drops 11% YoY over Jan-Jul

China's rebar output totaled 100.93 million tonnes during January-July this year, posting an on-year decline of 11.2% on year, according to the latest release from the National Bureau of Statistics (NBS) on August 19.

During July alone, China produced 13.22 million tonnes of rebar, dropping by a huge 13.6% on year and by a larger 15.6% from June, Mysteel Global calculated based on the NBS release. Behind last month's drop in output was most likely the heavy losses being sustained by Chinese steelmakers in