Posted on 11 Aug 2025
After a brief one-week dip, rebar production among the 137 Chinese steel mills across the country tracked by Mysteel rebounded substantially over July 31-August 6, climbing by 4.8% or 101,200 tonnes on week to 2.21 million tonnes, a two-month high, according to the results of the latest weekly survey.
Steelmakers in North China's Heilongjiang, East China's Jiangsu, Southwest China's Sichuan and South China's Guangdong contributed most to the increase, as they had either brought steelmaking facilities back on stream or ramped up production to seize more profits, Mysteel Global learned.
During the survey period, the rebar rolling capacity utilization rate among the surveyed producers grew 2.2 percentage points on week to 48.5%, and their operational rate edged up 0.3 percentage point on week to 44.3%.
On the demand side, scorching summer temperatures across many regions further slowed long-steel consumption on construction sites. "Speculative buying has also retreated after the bullish sentiment seen earlier had cooled," one market source observed.
This was reflected in Mysteel's other survey that tracks spot trading of long steel items among 237 Chinese trading houses it monitors nationwide. The latest survey showed their trading volume sat low at 102,000 tonnes/day on average over August 1-7, or 8.1% lower than during the same period last year.
On the other hand, higher output and slack spot sales saw rebar stocks at the 137 surveyed mills mount after a three-week fall, rising by 3.7% or 60,500 tonnes on week to 1.68 million tonnes as of August 7. In parallel, tonnage of the same items at commercial warehouses in the 35 cities Mysteel follows grew for a fourth straight week, edging higher by 1.1% or 43,400 tonnes to 3.88 million tonnes over the same period.
On Thursday, Mysteel assessed China's national HRB400E 20mm dia rebar price, a bellwether of the domestic steel market dynamics, at Yuan 3,402/tonne ($474/t) including the 13% VAT, slipping by Yuan 5/t from one week earlier.
Source:Mysteel Global
