Today, the rebar futures fluctuated upward and closed at 3,290 points, with a gain of 0.67.%. In terms of spot prices, today the spot prices in major cities nationwide showed narrow fluctuations. The futures market rally improved market sentiment, leading to increased transactions. On the supply side, recently the production of long-process steel mills has remained relatively stable, while short-process steel mills have gradually resumed production. However, due to difficulties in sourcing raw materials and cost constraints, operations are primarily focused on off-peak electricity production. On the demand side, the recovery of demand in south China and better funding conditions compared to north China have supported the market. Under the warming expectations for the Two Sessions, the market circulation demand has become more active. Overall, the supply increase remains manageable, demand is gradually recovering, and spot prices in the market are expected to see a slight rebound.
