Wire Rod and Rebar Market Report October 2013

Prices of wire rod and rebar in most domestic markets experienced an upward trend in the second half of October after a decline in first two weeks.Asian Metal Copyright However, it is the traditional slow season from November to next February due to the cold weather in winter when construction projects could not operate normally.Asian Metal Copyright It was National Day holiday from October 1st to 7th, so prices were unchanged, but in the following week, they did not rebound as expected as the demand remained restrained. From the third week, prices began showing a slightly upward trend supported by good expectations that a series of good news would be issued in the Third Plenary Session of the 18^th Central Committee. However, it is the traditional slow season from November to next February due to the cold weather in winter when construction projects could not operate normally.Asian Metal Copyright It was National Day holiday from October 1st to 7th, so prices were unchanged, but in the following week, they did not rebound as expected as the demand remained restrained.Asian Metal Copyright Therefore, insiders predict that prices of wire rod and rebar will go up in the first half of November but down in following days when the demand gets weaker.Asian Metal CopyrightPrices of wire rod and rebar in most domestic markets experienced an upward trend in the second half of October after a decline in first two weeks.Asian Metal Copyright