Analysis: China rebar margins hit 2-year high amid signs of strong price support in Q2 China’s domestic rebar margins reached a two-year high of $117.9/mt April 7 on the back of strong rebar spot prices and a slight easing of iron ore input costs, S&P Global Platts data shows — and bumper sales of excavators in March indicate a strong pipeline of construction activity, which should keep rebar demand and prices well supported throughout the second quarter. Rebar sales in the Beijing spot market have risen by 28% since the start of the year and by 15% since the start of March, reaching Yuan 5,280/mt ($806/mt) on April 7.