Planned output of construction steel rebar across China’s major blast furnace steelmakers in May rose 15.24% from the planned production in April to 9.16 million mt, on the back of steel plants return from maintenance and diverted capacity to rebar in the chase of higher profits, showed an SMM survey.
The amount of planned rebar output for domestic trades increased 15.97% on the month in May as the coronavirus pandemic outside China depresses export orders from Chinese steel mills.
Scheduled production of wire rods in May, meanwhile, expanded 17.23%, or 392,000 mt, from the planned output last month, with the amount for domestic sales 25.27% higher.
Source : https://news.metal.com/newscontent