China Steel Rebar Futures Rebound on Production Cuts and Stimulus Optimism

Production Discipline vs Property Slump

Chinese mills have implemented strict production discipline to prevent an inventory glut. By keeping blast furnace utilization low, they have successfully defended the 3,100-Yuan level even as new housing starts remain soft heading into the Lunar New Year.

HRC Steel Performance

In contrast to construction rebar, Hot-Rolled Coil (HRC) steel has reached a 36-week high in international markets, trading near $941/t. This divergence highlights strong demand from the automotive, shipbuilding, and AI hardware structural sectors.