Domestic rebar prices in China continued to move lower in late May as weak construction activity and cautious purchasing sentiment weighed on market demand.
Average rebar prices across major Chinese cities declined 1.6 percent compared to mid-May levels, reflecting ongoing pressure on the country's construction steel market.
Several factors continued to affect pricing during the period:
- Average rebar prices fell 1.6 percent
- Construction-sector demand remained subdued
- Purchasing activity stayed cautious across the market
- Inventory pressure persisted in some regions
Although seasonal demand has shown signs of stabilization in certain areas, overall market activity remains below expectations, limiting support for rebar prices.
Market participants continue to monitor construction activity and government stimulus measures for signs of a stronger recovery in steel demand.
VietnamSteel by Hoa Sen Group
