China’s rebar output down by 24.7% in September

The rebar and wire rod outputs indicated big declines due to production restrictions and power supply limitations, resulting in the overall uptrend seen in local rebar prices in China in September, with the highest level of RMB 5,967/mt being seen on September 30, with the lowest level during the month at RMB 5,287/mt on September 1.

In the January-September period this year, China’s rebar production totaled 195.452 million mt, up 0.6% year on year, 3.4 % points slower than the increase recorded in the first eight months this year.

Wire rod production amounted to 120.568 million mt in the first nine months, down 2.3% year on year, shifting from the year-on-year rise of 1.1% seen in the first eight months this year.