In February, downstream construction activities gradually resumed, and the supply and demand of the rebar market improved. However, as the recovery of demand is not as high as expected, the market price is fatigue, showing a volatile trend as a whole. By the end of February, the national rebar price index had closed at 167.45 points, down 0.73% annually, and 11.65% compared with the same period last year.

By the end of February, the national rebar price index closed at 167.45 points, down 0.73% from the previous month, down 11.65% from the same period last year.
Figure 1: Price Index Trend of Domestic Rebar and Concrete (Point)

Data Source: Cement Big Data (https://data.ccement.com/)