Author: Abhishek Bhalla
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China’s Rebar Output Inches Up, Demand Firm
Production of rebars among the 137 Chinese steelmakers under Mysteel’s weekly study increased for a second straight week over December 5-11, rising by another 0.9% on week to reach 3.66 million tonnes. Market sources said the rise was mainly due to some mills restarting their operations after completing maintenance earlier on. The capacity utilization rate…