Rebar prices in H2 2025 exhibited a mixed yet gradually firming trend, influenced by shifting supply dynamics, seasonal demand patterns, and trade-related developments. In Q3, prices initially strengthened on improved sentiment and speculative activity, supported by a modest rise in production; however, this momentum was short-lived as mid-quarter conditions saw prices soften due to weather-related disruptions that slowed construction activity and weakened downstream demand. Despite this, active trading behavior and lean inventory strategies maintained volatility, while later in the quarter, production cuts driven by margin pressures and gradual recovery in project activity helped stabilize prices alongside declining inventories. Entering Q4, the market faced early downward pressure from rising import volumes, weak export competitiveness, and global oversupply, with stable raw material costs offering limited support to producer margins. Regional demand disparities persisted, but as the quarter progressed, disciplined production controls significantly tightened supply, leading to a sharp reduction in distributor inventories and improved spot availability conditions. Additionally, supportive policy measures such as safeguard duties on imports reinforced bullish sentiment, enabling prices to recover and trend upward toward the end of the year. Overall, the H2 market reflected a transition from demand-driven softness to supply led firmness.