You are here: Home > Steel News > Latest Steel News > China’s...

China’s rebar output decreases by 9.5 percent in Q1

Thursday, 18 April 2024 11:18:52 (GMT+3)   |   Shanghai
       

In the January-March period this year, China’s rebar production totaled 50.015 million mt, down 9.5 percent year on year, according to China’s National Bureau of Statistics (NBS).

In the given year, domestic wire rod production amounted to 32.441 million mt, declining by 4.9 percent year on year.       

In the same period, China’s welded pipe output came to 11.925 million mt, down 5.6 percent year on year.       

In March alone, China’s rebar, wire rod and welded pipe outputs amounted to 17.787 million mt, 11.36 million mt and 5.673 million mt, down 22.5 percent, 12.0 percent and 3.5 percent year on year, respectively.       

In March, rebar prices declined as demand was not as good as market players had expected. Rebar prices reached a peak in March at RMB 3,907/mt on March 1-3, while they fell to their lowest level during the month at RMB 3,550/mt on March 31, according to SteelOrbis’ data. Following the Tomb Sweeping Day holiday, demand for rebar improved gradually, causing prices to move up.


Similar articles

China’s rebar output down 14.3 percent in January-October

20 Nov | Steel News

EU’s organic coated sheet and wire rod import quotas for Turkey almost used up

30 Oct | Steel News

China’s rebar output down 15.7 percent in January-September

22 Oct | Steel News

China’s rebar output down 15.7 percent in January-August

20 Sep | Steel News

China’s rebar output decreases by 11.7 percent in H1

18 Jul | Steel News

China’s rebar output down 12.6 percent in Jan-May

20 Jun | Steel News

China’s rebar output down 12.8 percent in January-April

22 May | Steel News

UK’S TRA proposes safeguard extension for 15 steel product categories for further two years

22 Feb | Steel News

China’s rebar output down 2.1 percent in 2023

23 Jan | Steel News

China’s rebar output down 2.2 percent in January-November

19 Dec | Steel News