China Steel Rebar Stagnant as Holiday Travel Peaks

The Lunar Lull

Market participants have largely departed for the 'Chunyun' travel period. Physical trading is expected to be non-existent for the next 10 days. The current price represents a floor maintained by mill production cuts.

Post Holiday Outlook

Traders are looking for potential stimulus announcements in early March to drive a spring recovery. For now, high inventories at mills are the primary concern for the post-holiday restart.