According to the National Bureau of Statistics of China (NBS), from January to September this year, China's rebar production was 143.387 million tons, down 0.1 percent year-on-year.
During the period, domestic wire rod production was 102.111 million tons, an increase of 1.7 percent year on year, and the production of welded pipes was 44.935 million tons, an increase of 3.2 percent year on year.
In September alone, the production of fittings, wire rods and welded pipes in China was 14.75 million tons, 11.705 million tons and 5.494 million tons, down 2.9 percent, down 0.3 percent and up 1.8 percent year on year, respectively.
In September, rebar prices in China's domestic market first fell and then rose. Later. According to SteelOrbis, rebar prices peaked in September at 3,257 yuan per ton ($459 per ton) on September 22, and the lowest level for the month was 3,197 yuan per ton ($450 per ton) on September 12-14.
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