Spot Rebar Prices Fall Slighly on Mar 8

SHANGHAI, Mar 9 (SMM) - Yesterday, rebar futures prices fluctuated at a high level, and spot prices in many places once grew in early trading. However, due to the impact of shipments in the afternoon, the prices fell slightly.

On the supply side, steel mills maintained high operating rates to gain some profits, but the output of some mills was limited by the environmental protection inspections. The overall capacity utilisation rates of steel mills still stood high, weighing on the market supply. On the demand side, the overall market trading has improved significantly in the past two weeks, but agents have reported that the actual downstream demand is average. The short-term actual downstream demand still needs to be verified.