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HRC, Billets, and Freight. China’s steel and raw materials futures market showed a generally positive trend today, with most contracts moving upward, reflecting cautious optimism across the sector. Steel Futures Edge Higher Rebar futures (D-bar 2605) rose to 3,139.0 , marking a 0.58% increase , signaling improved sentiment in the construction steel segment. This uptick suggests expectations of steady demand from infrastructure and building activity. Hot Rolled Coil (HRC 2605)

The global steel market entered March 2026 with mixed signals as weak post-holiday demand in China, geopolitical tensions in the Middle East, and fluctuating raw material prices shaped market sentiment. Steel futures, iron ore prices, and billet exports all reflected cautious trading conditions, while supply disruptions and geopolitical risks continue to influence regional markets.