This week, ferrous metals fluctuated at highs, with raw material ore and coking products outperforming steel. Against the backdrop of the escalating conflict in the Middle East, ore and coking products held up well, supported by higher shipping costs and transmission from coal and coke as energy substitutes. In the second half of the week, supply and demand data for hot-rolled coil and rebar were released. The increase in rebar inventory slowed markedly; however, hot-rolled coil demand was lower than the same period last year, and the pace of post-holiday recovery was relatively slow, leaving steel as a whole with limited upward momentum, while futures retreated after rapid rise. In the spot market, trading in the Chinese market was average this week.....

[SMM Rebar Daily Review: Wait-and-See Sentiment Continues to Intensify, Short-Term Trend of Being in the Doldrums Remains Unchanged] Today, rebar futures operated in a volatile manner, closing at 2,986, up 0.13% from the previous trading day. In terms of spot prices, spot rebar quotes in most regions dropped slightly in the morning, with declines of 10-20 yuan/mt. Market trading sentiment was weak, and overall trading performance was mediocre throughout the day.

[SMM Rebar Daily Review: Supply-Demand Imbalance Gradually Accumulates, Doldrums Market May Become Short-Term Main Trend] Today, rebar futures fluctuated rangebound, closing at 2,981, up 0.17% from the previous trading day. In terms of spot prices, spot rebar prices in most regions remained stable, with a small number of regions experiencing a price decline of 10 yuan/mt. The market sentiment was characterized by strong wait-and-see attitudes, and the overall trading performance for the day was weaker than that of the previous day.

[SMM Rebar Daily Review: Rebar Futures and Spot Prices "Resonate Downward", Market Confidence Hits "Rock Bottom"] Today, rebar futures fluctuated downward, closing at 2,980 yuan/mt, down 1.23% from the previous trading day. On the spot price side, the wait-and-see sentiment in the market continued to intensify, with spot rebar prices across the country continuing to decline, with price drops ranging from 10 to 50 yuan/mt. Overall trading volume for the day remained weak.

[SMM Rebar Daily Review: Real Estate Data in April Sluggish, Construction Steel Prices Continue to Face Pressure] Today, rebar futures fluctuated downward, closing at 3,069 yuan/mt, down 1.00% from the previous trading day. On the spot cargo side, market trading enthusiasm weakened, with spot rebar quotes loosening in many regions, showing declines ranging from 10 to 30 yuan/mt, and overall trading performance was weak throughout the day.

The "Golden March and Silver April" expectations fell short. Can steel prices rebound in May? The annual average spot rebar price in 2024 was 3,575 yuan/mt, while the average price from January to April 2025 was 3,310 yuan/mt, with the price center overall down by 265 yuan/mt.

SMM Rebar Daily Review: Frequent Production Restrictions News, Can the Spot Rebar Rally Continue? Today, rebar futures fluctuated and strengthened, closing at 3,220 points, up 1.29%. Spot side, market quotations across regions continued to rise slightly, but market caution increased, and transaction follow-up fell short of yesterday's level.

SMM Rebar Daily Review: Futures Market Rises Significantly, Spot Rebar Transactions Moderate Futures rose significantly today, closing at 3,204 points, up 1.23%. On the spot rebar side, morning quotes in various markets increased by different margins. Trading atmosphere was relatively active during the session, with speculative demand somewhat released and normal procurement from rigid demand...

SMM Rebar Daily Review: Futures Market Rises Significantly, Spot Rebar Transactions Moderate Futures rose significantly today, closing at 3,204 points, up 1.23%. On the spot rebar side, prices in various regions increased by different margins in the morning. Trading atmosphere was relatively active during the session, with speculative demand somewhat released and normal procurement from rigid demand...

[SMM Rebar Daily Review: Supply Stable and Demand Increasing, Market Confidence Needs to Recover with Spot Prices Fluctuating] This week, both futures and spot prices of rebar were weak. The most-traded contract fell below key support levels, and the average spot price dropped by 72 yuan/mt. Market confidence was slightly lacking, with speculative demand noticeably weakening while end-users mostly purchased as needed...