Published by:Zihuan Pan<>
10 Apr 2025 @ 10:22 UTC

China’s domestic rebar prices moved higher on Thursday April 10, after a rebound in global financial markets, sparked by US President Donald Trump’s pausing of higher tariffs on all nations apart from China, sources told Fastmarkets.Domestic Fastmarkets’ daily price assessment forsteel reinforcing bar (rebar) domestic, ex-whs Eastern Chinawas 3,030-3,060 yuan ($417-421) per tonne on Thursday, up by 30-40 yuan per tonne from 2,990-3,030 yuan per tonne on Wednesday April 9.
Spot rebar prices followed futures prices higher on Thursday, with the most-traded contract for the long steel product on the Shanghai Futures Exchange jumping by nearly 1.7% from Wednesday’s close.
Spot rebar trading in the domestic market further improved in the wake of the price rally, traders told Fastmarkets.
Upbeat industry data also helped bolster rebar prices on Thursday, sources said.
Data from a local information provider shows that apparent demand for rebar in China increased by 29,900 tonnes to 2.53 million tonnes in the week to Thursday.
Market chatter The [steel] market is volatile due to escalating trade tensions. Prices are expected to remain weak in the near term, a Chinese industry analyst said.
Billet Fastmarkets’ daily price assessment forsteel billet domestic, exw Tangshan, Northern Chinawas 2,970 yuan per tonne including value-added tax on Thursday, unchanged from Wednesday.
Shanghai Futures Exchange The most-traded SHFE October rebar futures contract closed at 3,139 yuan per tonne on Thursday, up by 51 yuan per tonne fromWednesday’s close of 3,088 yuan per tonne.