Iron and Steel

Demand for rebar starts to release in China

Demand for rebar starts to release in China
Mining News Agency -At the end of March, the spot price of steel products rebounded steadily after a sharp decline in recent months. Both ends of steel supply and demand have improved, supporting steel prices continue to rebound.
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Mining News -According to the statistical data of steel associations, the utilization rate of blast furnace capacity increased by 1.44% to 73.18% in the week of March 30th. The trading volume of China`s building materials traders based on the statistics of the steel calibers hit a record high last week. The weekly average was as high as 222,000 tons, an increase of 61,000 tons/day.


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