Steel rebar futures rose toward CNY 3,080 per ton, rebounding from eight-month lows, as transactions of newly built commercial homes across 10 major Chinese cities increased 19.2% year-on-year in the week ended July 5. China’s warehousing index returned to expansion territory in June, supported by stronger demand for bulk commodity storage. On the supply side, a planned strike by BHP workers at the Port Hedland iron ore terminal in Western Australia and state-backed China Mineral Resources Group’s recent restrictions on Australian miner Fortescue Ltd. raised the risk of disruptions to iron ore shipments.