China Steel Rebar Rallies as Infrastructure Demand Reaches Peak Post Holiday Levels

image-alt-text

Construction Site Ramp Up

Laborers have returned to major project hubs, leading to a sharp increase in physical rebar transactions. This seasonal demand recovery is coinciding with mill production discipline, preventing a supply glut.

Iron Ore Support

Resilient iron ore prices, holding near $130 per ton, are providing significant cost-push support for finished steel products, encouraging mills to hold firm on their offer prices.