NBS: China's rebar output contracts 12% YoY over Jan-Sept

China's total production of reinforcing bars registered 126.53 million tonnes over the first three quarters of this year, slumping by 12% on year, according to the latest data released by the National Bureau of Statistics (NBS) on October 21.

For September alone, China produced 12.99 million tonnes of rebar, still lower by 12.6% on year despite a 3.2% recovery from August. The extended double-digit on-year decline widened the slide in cumulative output over January-September by 0.2 percentage point from the January-August level, Mysteel Global calculated based on the