July 3, 2023

According to China’s National Bureau of Statistics, in May this year, China’s rebar, wire coil and welded pipe output was 19.929 million tonnes, 11.63 million tonnes and 5.758 million tonnes, down by 8.8%, 13.3% and up by 9.4% year on year, respectively, while decreased by 5.55%, 6.79% and 5.67% monthly, respectively. Rebar prices declined amid