WEEKLY SUMMARY: China's major steel prices keep rangebound

China's prices of major steel products, including rebar, square billet and hot-rolled coil (HRC), kept rangebound over February 24-28, as domestic steel market remained largely subdued, with many end-users yet to resume operations even though the official Chinese New Year (CNY) holiday had ended on February 23.

Meanwhile, macro sentiment saw a moderate lift from positive industry signals, US tariff changes, and escalating geopolitical tensions in the Middle East, which provided some support to Chinese steel prices. Rebar: As of February 28, a working day in China due to the CNY holiday, the national price of HRB400E 20mm dia