By the end of March, the national rebar price index closed at 167.55 points, up 0.06% annually, compared with the same period last year, the price fell by 15.20%.
Figure 1: Price Index Trend of Domestic Rebar and Concrete (Point)
Data Source: Cement Big Data (https://data.ccement.com/)
I. Supply and Demand
of Rebar (I) The output of rebar further rebounded. In North China, the growth rate was more obvious
. In March, short process enterprises continued to increase production load, and the operating rate of independent electric arc furnace reached a high level in previous years. At the same time, the operating rate of blast furnace steel mills has been further improved, and the average daily output of molten iron has risen to a high level. The growth rate of operating rate of rebar rolling line is relatively slow, which is slightly higher than that of the same period last year.
By the end of March, the blast furnace operating rate of 247 steel plants in China was 83.87%, up 2.89 percentage points on a month-on-month basis; the electric furnace operating rate in China was 76.86%, up 11.95 percentage points on a month-on-month basis; the rebar rolling line operating rate in China was 69.73%, up 3.40 percentage points on a month-on-month basis.
Figure 2: Operating rate of blast furnace, electric furnace and rebar rolling line (%)
Data source: Cement Big Data (https://data.ccement.com/)
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