The total transaction volume of construction steel nationwide reached 111,055 tons, a daily increase of 16.69% and a weekly increase of 8.66%. In terms of the transaction volume relative to the index, the national index was 47.3, up 6.8; East China's was 53.3, up 10.4; South China's was 44.7, up 4.9; and North China's was 39.4, up 2.8.

On Thursday, national monitoring data on construction steel transaction volume showed a significant increase compared to the previous trading day, with a decent week-on-week performance. Regionally, construction steel transaction volume increased to varying degrees across all regions of the country today. The mainstream spot price of rebar fluctuated between 0 and 10 yuan/ton today, with prices remaining stable in some provinces. In the morning, rebar futures trended upwards with some volatility. Domestic market spot prices remained stable in the morning, while rebar futures continued their upward trend in the afternoon, leading to a slight improvement in market transactions. End-user purchasing activity was higher than yesterday, resulting in relatively active trading. In the short term, the current peak season demand is gradually being released, the pace of blast furnace restarts is slowing, and the growth rate of pig iron production is declining, easing supply pressure. The strength in rebar futures has boosted market sentiment, and construction steel prices are expected to remain stable with a slight upward trend tomorrow.

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