Posted on 18 Aug 2025
Rebar production among the 137 integrated steel mills and mini-mills Mysteel regularly tracks fell slightly during August 7-13 after the sharp rise in the previous week, the latest survey results showed. Rebar output dropped by a negligible 0.3% or 7,300 tonnes on week to sit at 2.2 million tonnes but despite the drop, production was still higher by a sizzling 32.5% from the same period last year.
During the survey week, some steel mills in Northeast China's Liaoning and North China's Shanxi had halted operations for maintenance or to change their rolling plans, and this led to the slight production drawdown, Mysteel Global noted.
Over the survey period, both the rebar rolling capacity utilization rate and the operational rate dropped, with the former slipping by 0.2 percentage point to 48.3% and the latter by 1.0 percentage point to 43.3%, according to Mysteel's data.
On the demand side, the hot and rainy summer weather disrupted outdoor construction activities, and speculative buying also waned on the absence of encouraging news to bolster market sentiment. Consequently, the daily spot trading volume of long steel items including rebar among the 237 trading houses under Mysteel's tracking also decreased on week by 1.96% or 2,004 tonnes/day to average 99,996 t/d during August 8-14.
Lackluster demand and scarcely changed output led to higher levels of rebar stocks among both makers and traders. Rebar inventories held by the 137 steel mills climbed by 2.4% or 40,600 tonnes to reach 1.72 million tonnes by Thursday. Meanwhile, the tonnage in commercial warehouses in the 35 Chinese cities Mysteel regularly monitors also mounted by 6.8% or 264,500 tonnes to 4.15 million tonnes.
The cooling market sentiment also caused spot rebar prices to soften. On August 14, Mysteel assessed the price of HRB400E 20mm dia rebar at Yuan 3,395/tonne ($472.7/t) including the 13% VAT, edging down by Yuan 7/t compared to the price of August 7.
Source:Mysteel Global
