During the second half of 2025, China's steel reinforcing bar (rebar) market exhibited mixed price movements amid persistent structural weakness in the construction sector. The third quarter witnessed modest price recovery as the government signaled a curb on excessive competition, and outdated steel capacity improved market sentiment. However, subdued real estate investment and cautious downstream procurement continued to restrain demand. Steel mills gradually reduced rebar production, while exports remained robust, helping ease domestic oversupply. In the fourth quarter, prices fluctuated within a narrow range as year-end maintenance, lower output, and policy support balanced weak seasonal demand. Overall, the market remained fundamentally oversupplied, though tighter production discipline prevented sharper price declines during the period.