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China’s rebar output down 9.5% in January-October 2022

In the January-October period this year, China’s rebar production totaled 198.344 million mt, down 13.8% year on year, according to China’s National Bureau of Statistics (NBS).

In the first ten months, Chinese wire rod production amounted to 119.558 million mt, down 8.4% year on year.

In October alone, China’s rebar and wire rod production amounted to 20.936 million mt and 11.746 million mt, up 7.6% and 1.5%, year on year, respectively.

Rebar prices in China moved on a downtrend in October, with the lowest level of RMB 3,787/mt seen on October 31 and the highest level of RMB 4,223/mt recorded on October 11.

Rebar prices have bottomed up in November amid the increasing trend of rebar futures prices as China has issued policies to boost the real estate industry and ease Covid-19 restrictions

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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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AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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