China’s rebar production rises by 18.9 percent in March

Thursday, 22 April 2021 10:38:34 (GMT+3)   |   Shanghai

In the January-March period this year, China’s rebar production totaled 63.357 million mt, up 18.9 percent year on year, 0.1 percentage point slower than the increase recorded in the first two months this year, according to China’s National Bureau of Statistics (NBS).

China’s wire rod production amounted to 39.156 million mt in the first three months this year, up 16.3 percent year on year, 1.1 percentage points slower than the increase seen in the first two months of the year.

According to SteelOrbis’ data, local rebar prices in China indicated an overall increasing trend in March, rising to their highest level in the given month at RMB 4,900/mt ex-warehouse on March 30 amid good demand during the peak season for business and support from rebar futures prices.

Most Recent Related Articles

Rebar prices in SE Asia increase rapidly, ex-China prices may decline after hitting $1,000/mt FOB

Local Chinese longs prices surge sharply, rebar up $97/mt on Monday

Shagang Group hikes local rebar prices by $46.3/mt for early May, wire rod up $69.3/mt

NBS: Local Chinese rebar prices up 0.6 percent in mid-April

CISA mills’ daily steel output keep going up in mid-April