It’s reported that Korean Hyundai Steel planned to cut its rebar production in February.

In January, Hyundai Steel’s rebar production totaled 265,000 tons but the company planned to produce 170,000 tons in February due to less working days and maintenance schedule.

Meanwhile, it’s learned that the rebar inventories increased in Korean market recently. The stocks in 7 major rebar producers totaled 317,000 tons at end of January, rising by around 50,000 tons from a month ago.