Posted on 15 Sep 2025
Rebar output among the 137 Chinese steel mills surveyed by Mysteel posted a larger decline of 3.1% over September 4-10, the latest weekly survey results showed. Despite the reduced production, the figure was still 12.8% higher than the corresponding survey period last year, as overall output last September sat at a low level.
Rebar rolling capacity utilization rates and operational rates among the 137 surveyed mills showed mixed trends last week, with the former dipping by 1.5 percentage points to 46.5%, while the latter edged up by 0.7 percentage points to 43%, Mysteel's data showed.
A main reason for the production dip last week was that steel mills in several provinces including Southeast China's Jiangxi and Central China's Henan and Hubei decided to conduct blast furnace maintenance, according to Mysteel's weekly report.
The declining production and recovering demand helped to trim the stocks held by the 137 surveyed mills. Mysteel assessed the rebar inventories in these mills lower by 2.7% or 47,100 tonnes on week to sit at 1.67 million tonnes over September 5-11.
The daily spot trading volume of major construction steel products including rebar, wire rod and bar-in-coil among the 237 trading houses Mysteel regularly follows averaged 102,476 tonnes/day over September 5-11, recording a significant 12.5% on-week rise. Some end-users in North China started restocking after curbs on the use of some highways for Beijing's September 3 military parade were lifted, which contributed largely to the demand recovery, Mysteel Global noted.
However, end-user demand still fell short of expectations, given that Chinese steel sector is supposedly entering its traditional peak sales months of September-October. In addition, heavy rainfall hit several provinces including East China's Anhui and Shandong during the week, hampering construction activity, as reported.
Meanwhile, the rebar inventories held in the commercial warehouses in Mysteel's smaller sample of 35 cities posted continuous uptrend for the ninth week in a row, up by 4% or 185,700 tonnes on week over September 5-11.
Source:Mysteel Global
