Posted on 13 Jul 2026
After the brief recovery the previous week, China's rebar production retreated over July 2-8, with the combined output of the bars among the 137 domestic steel mills under Mysteel's coverage dropping by 5.2% or 113,600 tonnes on week to 2.05 million tonnes, Mysteel's latest survey showed.
Similarly, the rebar rolling capacity utilization rate among the sampled mills averaged 45% during the same period, down by 2.5 percentage points on week, while the average operational rate had dropped by 1.3 percentage points on week to 40%, another Mysteel survey showed.
Facing deepening losses from rebar sales and sluggish end-user demand in the summer off-season, steelmakers opted to halt operations to avoid larger losses.
As of July 9, the sampled Chinese mills were losing an average of Yuan 69/tonne ($10.2/t) on rebar sales, enlarging by Yuan 5/t on week, according to Mysteel's assessment.
Despite the decline in production, rebar stocks held by both mills and traders posted on-week gains, underscoring the poor market conditions, Mysteel Global noted.
Rebar inventories held by the 137 steelmakers and traders across the 35 Chinese cities under Mysteel's coverage mounted by 0.7% and 1.8% on week to 1.94 million tonnes and 5.06 million tonnes respectively as of July 9.
Over July 3-9, the combined daily trading volume of construction steel including rebar, wire rod and bar-in-coil among the 237 Chinese trading houses under Mysteel's survey averaged 90,665 tonnes/day, down by 3.2% or 2,985 t/d on week.
However, signs of recovering market fundamentals towards the end of the sample week resulted in a slight rebound in rebar prices, with the national price of HRB400E 20mm dia rebar recovering by Yuan 5/t on week to Yuan 3,290/t on July 9, according to Mysteel's assessment.
Source:Mysteel Global
