Posted on 01 Sep 2025
Rebar output among the 137 steel mills under Mysteel's tracking recovered by 2.8% or 59,000 tonnes over August 21-27 to reach 2.21 million tonnes, the latest weekly survey showe.
Both rebar rolling capacity utilization rates and operational rates of the 137 surveyed mills increased by 1.3 percentage points to average 48.4% and 44.6% respectively over August 21-27, according to Mysteel's data.
During the survey week, some steel producers in Southwest China's Guizhou, North China's Hebei, Central China's Hunan and Northwest China's Xinjiang had resumed operations after blast furnace maintenance or had changed their rolling plans to produce more rebars, according to survey respondents. This was chiefly responsible for the on-month production rebound, Mysteel Global noted.
In addition, as many steel mills are making reasonable profits on steel sales, they are striving to maintain steady production. Besides, as the traditional peak season for China's steel sector from September to October is approaching, construction industry demand is expected to recover gradually, which also stimulated mills to keep their production pace steady, Mysteel Global noted.
The daily trading volume of construction steel products including rebar, wire rod and bar-in-coil among 237 trading houses Mysteel follows edged down further on week by 0.65% or 635.6 tonnes/day to average 96,418 t/d over August 22-28. Despite the drop, this was smaller than the 3% decline in average daily sales over August 15-21, suggesting that market sentiment could be improving.
Rising output and declining demand led to the accumulation of rebar stocks during the survey week, however. Rebar stocks in commercial warehouses in the 35 Chinese cities Mysteel tracks mounted by 4.9% or 212,600 tonnes on week to 4.54 million tonnes as of Thursday, the latest data shows.
Meanwhile, Mysteel assessed China's national price of HRB400E 20mm dia rebar at Yuan 3,335/tonne ($467.6/t) including the 13% VAT on August 28, slipping by Yuan 7/t compared to the price of August 21.
Significantly, rebar production during the August 21-27 survey week was higher by a huge 35.9% compared with the same survey period in August 2024, the data also show. This was because twelve months ago, China's rebar mills were adjusting their production before new rules governing the production and performance of carbon steel rebars formally took effect a month later on September 25.
In June last year, China's State Administration for Market Regulation had approved two new mandatory national standards for hot-rolled plain and ribbed rebar, GB1499.1-2024 and GB1499.2-2024 under which rebars are required to meet stricter tolerances regarding production accuracy, fatigue performance, smelting processes and testing methods, as reported.
Source:Mysteel Global
