Construction Site Ramp Up

Laborers are fully back at project hubs, leading to a spike in rebar delivery orders. Expectations of a diplomatic resolution to Middle East tensions are also buoying hopes for a revival in export demand.

Tariff Headwinds

While domestic demand is strong, the EU has moved to raise tariffs on imported steel to 50%. This protectionism is forcing Chinese mills to focus increasingly on domestic infrastructure and Gulf-region exports.