Dec 11– Planned production of construction material rebar increased for the second straight month in December as steelmakers in north
A SMM survey showed that rebar scheduled output in December across 31 major producers of long steel in China is expected to climb 0.7% from the actual output in November and stand at 8.32 million mt.
Output for domestic sales is planned at 8.15 million mt this month, up 0.72% from November, while scheduled exports are mostly flat on the month at lows of 170,000 mt due to weak export prices.
Production enthusiasm across most steel mills remained high after the shortage of some specifications lifted rebar prices and improved profit margins in the second half of November. Some steelmakers raised the output of rebar at the expense of other steel products, as rebar remain the most profitable in the market.
SMM estimates a 5.7% increase in scheduled rebar production in December across steel plants in north China, compared to the actual output a month ago, as local environmental protection measures were less stringent than expected.
In eastern
Steelmakers in south-central
Separately, SMM survey showed that the scheduled output of wire rods across surveyed mills in China rose 1.9% from the realised output in November, to 2.99 million mt in December.
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