China Steel Rebar Rallies as Construction Sites Reopen Across the Country

Construction Demand Recovery

Physical delivery orders for steel have seen a 15% uptick since Monday. This indicates a robust backlog of projects that are now moving into the heavy construction phase as the spring weather approaches.

Stimulus Anticipation

Rumors of a multi-billion Yuan infrastructure package focused on 'New Energy' corridors are circulating in Beijing. Traders are front-loading positions to capitalize on expected government-driven demand for structural steel.