Posted on 13 Apr 2026
Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rose further during the week of April 2-8, with the production volume climbing by 4.1% or 84,900 tonnes on week at 2.16 million tonnes, according to Mysteel's latest survey results.
As expectations for a further recovery in demand remain high, some steelmakers are bringing idled production facilities back online including those for rebars, Mysteel Global noted.
The run rate for rebar mills among these sampled producers averaged 41% during the survey week, mounting by 1.6 percentage points on week, while their average rebar rolling capacity utilization rate gained by 1.9 percentage points on week to 47.3% over the same period, Mysteel data show.
By province, steelmakers in East China's Jiangsu and North China's Shanxi provinces contributed the most to the production growth, Mysteel's survey results showed.
In contrast to the rise in output, prices for bars in both the derivatives and spot markets softened this week. On April 9, the price of the most-traded rebar futures contract for October delivery on the Shanghai Futures Exchange closed the daytime trading session at Yuan 3,096/tonne ($453/t), down by 1.18% on week from the settlement price on April 2, the bourse's data showed.
Similarly, Mysteel assessed the national price of HRB400E 20mm dia rebar on the same day at Yuan 3,323/t, lower by Yuan 6/t from the level on April 2.
The lower prices in both markets enticed end-users to purchase some low-priced cargoes, but trading sentiment this week remained lukewarm overall, partly because of China's three-day holiday weekend for the Qingming festival over April 4-6, Mysteel Global noted.
As such, spot trading remained largely unchanged on week, with the volume of long steel items including rebar traded among the 237 trading houses under Mysteel's tracking averaging 97,350 tonnes/day over April 3-9, down by a negligible 0.13% or 128 t/d on week.
The drawdown in rebar inventories is continuing this week, with the tonnage stockpiled in commercial warehouses in the 35 Chinese cities Mysteel checks registering 6.2 million tonnes as of April 9, down by 2% or 124,400 tonnes on week.
Source:Mysteel Global
