In 2024, China’s rebar production totaled 195.058 million mt, down 13.6 percent year on year, according to China’s National Bureau of Statistics (NBS).
In the given year, domestic wire rod production amounted to 134.968 million mt, declining by 2.3 percent year on year, while welded pipe output came to 60.507 million mt, down 7.9 percent year on year.
In December alone, China’s rebar, wire rod and welded pipe outputs amounted to 16.14 million mt, 11.194 million mt and 5.414 million mt, down 8.8 percent, up 2.8 percent and down 2.4 percent year on year, while down 3.61 percent, 0.38 percent and 0.39 percent month on month, respectively.
Rebar prices in the Chinese domestic market moved up first in December given the improved sentiments due to China’s announcement of a “moderately loose” monetary policy in 2025, while rebar prices edged down later amid slack demand from downstream users. Rebar prices reached a peak in December at RMB 3,503/mt on December 12, while falling to their lowest level during the month during December 27-29 at RMB 3,413/mt, according to SteelOrbis’ data.