Rebar Futures Fall Slightly on Feb 14

SHANGHAI, Feb 15 (SMM) - Rebar futures dropped slightly yesterday.

On the supply side, the output of rebar is picking up periodically. According to SMM survey, the profits of most EAF and BF mills are hovering around the break-even point. The growth rate of rebar supply is limited by the mills’ profit margins.  On the demand side, construction sites have resumed work one after another, and demand has gradually picked up. The futures prices rose slightly yesterday afternoon, stimulating some low-priced transactions. And the overall demand increased significantly compared with the previous trading day.