China Steel Rebar Prices Surge on Infrastructure Restocking Wave

Construction Site Ramp Up

Laborers are fully back at major project sites, leading to a sharp spike in rebar delivery orders. The expectation of a major government infrastructure spending announcement later this quarter is further fueling bullish sentiment.

Input Cost Pressures

Rising iron ore and coking coal prices are forcing steel mills to raise their offer prices. With inventory levels at mills lower than the 5-year average, the leverage has shifted toward producers in the prompt market.