In 2025, the China's rebar market showed a segmented inverted “V” pattern. The first quarter focused on inventory clearance around the lunar new year festival, followed by a demand rebound in the second quarter. Entering the third quarter, the traditional off-season and high inventories meant that, despite raw material support and steel mills maintaining prices, the anticipated ‘Golden September’ rally did not materialize. The fourth quarter saw a rebound driven by futures gains, despite weak transactions for high-priced resources.

Wire rod prices are stable. The first quarter production cuts supported prices, while April tariffs triggered production halts and inventory sales. Production was cut in the third quarter, with most transactions concentrated in August. In the fourth quarter, prices increased, but demand showed little improvement. Year-end activity was largely dominated by traders reselling stocks, underscoring prominent supply-demand imbalances.

The section steel market moved from weakness to strength in 2025. The first quarter prices stayed stable, rising in April with post-holiday restocking before falling due to supply-demand tensions. The third quarter saw traders liquidate inventories amid weather and financial pressures. In the fourth quarter, the market improved, with winter stockpiling willingness notably increasing.

Looking ahead, 2026 stainless steel section prices are expected to rise, with steady quarterly trends. Supply adjustments, raw material volatility, and growing demand from new energy vehicles, aerospace, and construction sectors are set to support the market, while leading mills maintain profitability amid ongoing industry competition.