Posted on 01 Dec 2025
The combined rebar output among the 137 Chinese steel mills under Mysteel's tracking fell again over November 20-26 after the previous week's 4% rise, Mysteel's latest weekly survey showed.
The volume of reinforced bars produced by these mills came in at 2.06 million tonnes over the latest survey week, edging down by 0.9% or 18,800 tonnes on week. Meanwhile, the figure was also 9.6% lower than the output during the same week last year.
Mysteel's weekly survey on these sampled mills also showed that their rebar rolling capacity utilization rate averaged 45.2% during the same period, down by 0.4 percentage point on week, while the average operational rate retreated by 1.3 percentage points on week to sit at 42%.
Some steel mills in East China's Anhui, Central China's Hunan and North China's Shanxi provinces conducted maintenance on their steelmaking facilities, contributing the most to the production slip, the survey results showed.
With reduced supply, retail rebar stocks extended the downtrend on week, but the pace slowed due to contracting trading activity for the long steel in the spot market, a Shanghai-based analyst said.
Rebar inventories piled in commercial warehouses in the 132 Chinese cities Mysteel regularly checks thinned further by 3.3% or 199,500 tonnes on week to 5.78 million tonnes as of November 27, with the pace slowing down by 0.3 percentage point from the prior week.
The daily spot trading volume of construction steel products comprising rebar, wire rod and bar-in-coil among the 237 trading houses under Mysteel's coverage averaged 101,031 tonnes/day over November 20-26, down by 5.2% or 5,511 t/d on week.
On the macro front, market sentiment this week was supported by expectations for new supportive policies to be introduced from China's Central Economic Work Conference next month. The rising possibility of the US Federal Reserve cutting interest rates in December also boosted market mood, as reported.
Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,288/tonne ($465/t) including the 13% VAT on November 27, climbing by Yuan 22/t from the level on November 20.
Source:Mysteel Global
