China Steel Rebar Surges on Infrastructure Restocking and Stimulus Rumors

Construction Site Ramp-up

Laborers have fully returned to major infrastructure hubs. The expectation of a significant government spending announcement later this quarter is encouraging traders to front-load positions in structural steel.

Input Cost Pressure

Rising iron ore prices, holding near $135 per ton, are forcing mills to maintain firm offer levels. With mill inventories lower than the 5-year average, producers currently hold the leverage in the prompt market.