Construction Site Ramp Up

Laborers are fully back at project hubs in Asia, leading to a sharp spike in rebar delivery orders. Mills are successfully passing through higher energy costs as domestic inventories remain manageable during the spring boom.

Energy Intensity Pressures

The Middle East conflict has spiked energy costs for Electric Arc Furnace producers globally. Regional mills in Russia and South America are recording declines as higher operating costs outpace current price gains.