WEEKLY: Near-term outlook on China's steel products

Source: Mysteel Mar 02, 2026 12:10

Below is the brief near-term outlook for five key steel products Mysteel shares on a weekly basis, drawing upon the results of related surveys and communication with Chinese market participants. After the U.S. and Israel attacked Iran in the early hours of Saturday, Iran soon fought back, and the Strait of Hormuz - the critical choke point in the global oil trade was also effectively closed. This disruption is likely to drive up freight rates and oil prices, with ripple effects spreading to other commodity markets, including steel.

Rebar & wire rod: Prices of the two major long steel items are forecast to be slightly volatile over March 2-6. Construction steel inventories continued to accumulate due to slow downstream demand recovery last week, which is a trend expected to persist this week in spite of low-level output. Combined

Price Curve

Daily Prices

Galvanized square pipe prices: Shanghai

Mar 02, 2026 14:37
Square pipe prices: Shanghai

Mar 02, 2026 14:37
Spiral welded pipe prices: Shanghai

Mar 02, 2026 14:36
H-Beam export prices: FOB China

Mar 02, 2026 14:36
Galvanized steel pipe prices: Shanghai

Mar 02, 2026 14:36

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