NBS: China's Jan-Feb rebar output falls 4.7% YoY

During the first two months of 2023, total production of rebars across China declined by 4.7% on year to reach 33.9 million tonnes, according to new data released by the country's National Bureau of Statistics (NBS) on March 23.

Rebar, the most widely produced steel item in China, accounted for 16.4% of the 206.2 million tonnes of finished steel the country produced during January-February, Mysteel Global calculated based on the NBS data. Mysteel's survey of rebar rolling capacity utilization among the 137 Chinese steel mills it tracks nationwide showed