China Steel Rebar Edges Higher as Construction Sites Resume Operations

Post Holiday Restocking

Initial trading activity suggests that distributors are starting to replenish depleted stocks in anticipation of the spring construction season. However, high overall inventory at mills remains a cap on more aggressive price gains.

Infrastructure Hope

Investors are closely watching for government signals regarding 'New Infrastructure' spending. Any boost to high-strength steel demand for smart grids or bridge projects could trigger a more sustained rally in late February.