In the January-September period this year, China’s rebar production totaled 145.056 million mt, down 15.7% year on year, according to China’s National Bureau of Statistics (NBS).
In the given period, domestic wire rod production amounted to 100.33 million mt, declining by 4.2% year on year, while welded pipe output came to 43.995 million mt, down 9.4% year on year.
In September alone, China’s rebar, wire rod and welded pipe outputs amounted to 15.314 million mt, 11.725 million mt and 5.406 million mt, down 16.6% , 2.5% and 8.0% year on year, while up 21.99% , 12.38% and 10.71% month on month, respectively.
In September, rebar prices in the Chinese domestic market first fluctuated within a limited range, while they moved up later as China issued several stimulus policies in late September, which bolstered market sentiments and provided solid support for rebar prices. Rebar prices reached a peak in September at RMB 3,867/mt on September 30, while they saw their lowest level during the month on September 6-9 at RMB 3,193/mt, according to SteelOrbis’data.