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China’s rebar output down by 24.7% in September

In September this year, China’s rebar and wire rod outputs totaled 17.698 million mt and 11.171 million mt, down 24.7% and 27.2% year on year, while down 12.0% and 11.2% month on month, respectively, according to China’s National Bureau of Statistics (NBS).

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.

 

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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