By Chinese steel mills have deepened production cuts as the property sector slowdown continues to weaken construction steel demand. Rebar, flat steel, and structural products are facing softer offtake, forcing mills to protect margins through output control.
Current Steel Prices in China
Rebar futures in China recently climbed back to about ¥ 3,100 per tonne in early December, roughly the highest in three months.
On the spot market, as per one recent assessment shows 20 mm HRB400E rebar at ¥ 3,329 per tonne (including VAT), around US $ 470–475/tonne.
This is expected to influence export pricing into the GCC, with competitive Chinese steel offers likely to continue in the near term.
High stock levels of rebar and hot-rolled coil (HRC) suggest cautious buying or slower consumption in certain segments.
