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

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.