Wire Rod and Rebar Market Report September 2013
2013-10-09 09:06:54 【Print】
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Prices of wire rod and rebar in most domestic markets experienced a strong and continuously downward trend in September
. The main reason was still the unreleased demand . Participants were disappointed about the market and few of them built stocks in the traditional high season . Steel mills began lowering ex-works prices on decreasing raw material prices . However, after a long time decrease, traders all expected that the market would make progress and prices would go up in October when more construction projects start the operation . Insiders predict that prices of wire rod and rebar will increase slightly in the following month.