Short-term rebar demand may still appear resilient, in spite of a slack season

Published: Nov 6, 2023 10:37

Source: SMM

Save

In terms of rebar, finished steel futures prices fluctuated at high levels during last week.

In terms of rebar, finished steel futures prices fluctuated at high levels during last week. Market sentiment recovered significantly. Most end-users still aimed to meet rigid demand. Therefore, there was a slight increase in replenishing construction material demand. Given pick-up of macroeconomic environment at home and abroad, market sentiment will be passable, and there will be a need to rush work at construction sites. Under this circumstance, rebar demand is expected to appear resilient in mid-to-early November.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

59 mins ago

Data: SHFE, DCE market movement (Apr 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Apr , 2026

59 mins ago

1 hour ago

[SMM Analysis] Indonesian Nickel Ore Drives Futures Higher, Stainless Steel Inventory Continues Mild Destocking

1 hour ago

【SMM Steel】Japan's HRP and HRS shipments down 0.2% in Feb 2026 from Jan

【SMM Steel】Japan's HRP shipments fell 0.2% m-o-m to 641,568t in Feb 2026 but rose 8.5% y-o-y. 76.5% went to domestic market, 23.5% exported. Production was 634,528t. HRS shipments fell 0.7% m-o-m to 1.13Mt, down 7.1% y-o-y. 27.7% domestic, 72.3% exported. Production was 1.08Mt, down 14.5% m-o-m but up 1.5% y-o-y.

1 hour ago