China Steel Rebar Hits Multi Month Low as Holiday Shutdown Begins

Supply Side Discipline

Chinese steel mills are implementing planned maintenance to manage output during the seasonal lull. This supply-side discipline has prevented a massive inventory build, though blast furnace utilization remains high enough for a swift spring restart.

Raw Material Floor

Resilient iron ore prices are providing cost-push support, preventing steel from a deeper collapse. Traders are now largely on the sidelines, waiting for post-holiday stimulus signals from Beijing to boost spring infrastructure projects.