China Steel Rebar Consolidates as Mills Balance Output with Export License Rules

Export Policy Impact

The new 'export license' regime that took effect on January 1st has led to more controlled outbound flows. This activity helped clear domestic inventory, providing a floor for prices near the 3,100 Yuan level despite seasonally weak construction demand.

Pre Holiday Restocking

With the Lunar New Year approaching, domestic traders are engaging in a cautious restocking cycle. However, upside remains limited as the property sector shows little sign of immediate recovery, leaving infrastructure as the primary consumption driver.