【SMM Rebar Daily Review】Frequent News of Production Restrictions, Can the Spot Cargo Rally Continue?

Published: Mar 25, 2025 17:15

Save

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.

Today, the futures market for rebar experienced a volatile upward trend, closing at 3,220 points, with an increase of 1.29%. In the spot market, prices across various regions continued to show slight increases, although market caution has heightened, and trading volume did not keep up with yesterday's levels. On the supply side, according to an SMM survey, the impact from maintenance on building materials this week was 1.1858 million mt, down 43,200 mt WoW. The market is continuously receiving news about production restrictions, with Shandong region potentially reducing annual production by 10%. Additionally, a few steel mills in north-west China are planning to upgrade their production lines, which is expected to reduce building material production by 20% in April. The specifics of the production restrictions still need verification. After consecutive price increases, high-level trading has been relatively sluggish, and it is expected that building material prices will remain stable tomorrow.

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

14 hours ago

[SMM Analysis] March Analysis of the Manganese-Based Battery Materials Market: Divergence Driven by Costs, with Demand Set to Recover Soon

Recently, China’s manganese-based battery materials market has shown an overall pattern of cost-driven dynamics, product differentiation, and gradually recovering demand. Manganese sulphate and Mn3O4 were supported by rising upstream raw material costs and freight rates, with prices trending upward; MnO2 remained stable; LMO held steady amid fluctuations in lithium carbonate, awaiting a recovery in demand in April.

14 hours ago

15 hours ago

[SMM HRC Arrivals] Arrivals in Mainstream Markets Extended Their Decline for a Second Straight Week This Week

15 hours ago

MMi Daily Iron Ore Report (March 31)

Iron ore futures experienced volatile trading, opening higher but weakening throughout the day. The main contract I2605 eventually closed at 808 yuan/ton, down 0.80% from the previous trading session.

15 hours ago