MYSTEEL: China rebar and rod fundamentals seen healthy in Apr

The market fundamentals for construction steel items in China comprising rebar and wire rod are likely to remain healthy this month, with demand showing some resilience while the room for output to increase will be limited, according to Mysteel's monthly report.

During April, Chinese steel mills will likely have limited enthusiasm for ramping up steel output due to high production costs and meagre profit margins, the report pointed out, even though steel demand may experience "explosive growth" this month, and overall consumption may remain high. Rebar production among the 137 Chinese