China Steel Rebar Stabilizes Amid Seasonal Production Discipline

Mill Margin Recovery

Recent data indicates that Chinese blast furnace mills have seen a slight recovery in profitability, averaging 189 Yuan/mt. Falling costs for raw materials like coking coal have allowed producers to maintain production discipline without the deep losses seen in previous cycles.

2026 Infrastructure Hopes

Market sentiment for the first quarter of 2026 hinges on anticipated fiscal stimulus from Beijing. While the property sector remain sluggish, specialized steel for the automotive and shipbuilding industries continues to provide a reliable demand cushion.