China’s rebar and wire rod output down in September from August levels

Monday, 21 October 2019 11:48:17 (GMT+3)   |   Shanghai
       

In September this year, China’s rebar production amounted to 21.273 million mt, down 2.9 percent month on month, while rising by 11.6 percent year on year, with this year-on-year growth 5.5 percentage points lower than that recorded in August, mainly due to production restrictions in the given month to ensure clean atmospheric conditions for the National Day celebrations.

In the January-September period this year, China's rebar production amounted to 185.316 million mt, up 19.3 percent year on year, with this increase rate 1.2 percentage points lower than that recorded in the January-August period, as announced by China’s National Bureau of Statistics (NBS).

China’s wire rod production amounted to 13.76 million mt in September, down 1.74 percent month on month, while rising by 6.3 percent year on year, with this year-on-year growth 2.0 percentage points lower than that recorded in August.

In the January-September period this year, China's wire rod production totaled 119.255 million mt, up 11.8 percent year on year, with this increase rate down 0.6 percentage points from the January-August period. Production restrictions and slack demand contributed to the output decline in the given period. 


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