Why Surging Rebar Price Fails to Undermine Buying Appetite? SMM Reports

Published: Aug 07, 2017 15:11 (GMT+8)

Save

Rebar prices surged in both spot and futures markets on August 7.

SHANGHAI, Aug. 7 (SMM) – Rebar prices surged in both spot and futures markets on August 7.

SMM Interpretation of China Crazy Steel Rise Following CISA Meeting

Spot prices rose over 100 yuan per tonne, and RB1710 rebar surged by daily limit in the afternoon.

Shandong Laigang to Undertake Near 4-Month Maintenance at Blast Furnace in September, SMM Reports

Despite this, trading was not affected at all, SMM said.

Higher Profit Stimulates Hot-Rolled Coil Production, China Deepens “Ditiao Steel” Elimination Inspections

Some traders held off selling at the weekend in the face of big price volatility. Although prices jumped on Monday, some downstream buyers fear that prices will continue rising. Meanwhile, they actually need to build stocks. So, trading was still boosted, SMM explained.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

rebar price SHFE rebar price rebar steel

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 for 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

Oct 30, 2026 18:41 (GMT+8)

China: Zaozhuang 115 MW / 100 MWh Standalone Frequency Regulation BESS EIA Accepted

October 26, 2026: The environmental impact assessment for a 115 MW / 100 MWh standalone frequency regulation battery storage station in Xigang Town, Tengzhou City, Zaozhuang, Shandong Province, was accepted for review. The developer is Zhongting Haoze (Tengzhou) Energy Storage Technology Co., Ltd. The project includes one 140 MVA main transformer (35/220 kV) with a total investment of RMB 230 million. Positioned for grid frequency regulation services, the EIA acceptance indicates the project is advancing toward construction readiness.

Oct 30, 2026 18:41 (GMT+8)

China: Yuncheng 100 MW / 140.4 MWh Hybrid BESS Project Issues Tender

October 8, 2026: A tender was issued for the 100 MW / 140.4 MWh hybrid energy storage project in Jiang County, Yuncheng, Shanxi Province. The tender covers lithium iron phosphate battery energy storage system integration. Upon completion, the project will provide peak shaving, frequency regulation, and renewable energy accommodation services for the Shanxi grid. Shanxi, as a major new energy province, has seen frequent storage procurement activity reflecting urgent demand for flexible resources.

Oct 30, 2026 18:41 (GMT+8)

Oct 08, 2026 16:26 (GMT+8)

China’s Semi-Steel Tire Exports Down 0.92% Cumulative YoY Jan-Aug 2026

[SMM Flash] According to customs data, in August 2026, China exported 29.696 million semi-steel tires (including retreaded tires), with cumulative exports from January to August totaling 235.7676 million units, down 0.92% YoY.

Oct 08, 2026 16:26 (GMT+8)