Chinese domestic rebar output last month continued its high-speed climb, soaring by a sizzling 23.7% year on year to 20.5 million tonnes and occupying 20.1% of national total of finished steel output, the largest share, according to latest data from China’s National Bureau of Statistics.
The April result took total rebar output during this year’s first four months to 73.5 million tonnes, also up by a marked 15.5% from January-April last year, the NBS data shows. Domestic rebar markers were encouraged to beef up production to satisfy downstream demand which registered bursts of activity last month.
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