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On March 30th, domestic steel prices generally rose, with Tangshan Qian'an billet ex-factory price increasing by 10 yuan to 2980 yuan/ton (including tax). Rebar futures fluctuated with a slight upward bias, and spot market prices followed suit. End-user demand showed a slight recovery, with engineering procurement accelerating its restocking pace, and intermediaries showing increased purchasing activity. Overall, trading volume was better than the previous trading day.
On March 30th, the main rebar futures contract closed at 3139 yuan/ton, up 0.58% from the previous trading day. The DEA and DIF lines were approaching parallel, and the RSI indicator was between 54 and 58, trading between the middle and upper Bollinger Bands.
On March 30th, one domestic steel mill raised its ex-factory price for construction steel by 20-30 yuan/ton, while three mills maintained stable prices.
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