Wire Rod and Rebar Market Report February 2014

The construction steel market did not make progress this month as participants expected before the Spring Festival and prices of wire rod and rebar in most markets kept a downward trend.Asian Metal Copyright .Asian Metal Copyright Facing the soft demand and high inventory, producers and traders of wire rod and rebar cut prices time and time again after the Spring Festival holiday (January 31 to February 6).Asian Metal Copyright .Asian Metal Copyright Meanwhile, prices of raw materials like iron ore and billet all fluctuated this month without showing any signs of rebounding continuously, and it also worsened the finished steel market.Asian Metal Copyright .Asian Metal Copyright However, the demand from downstream industries is likely to release in March when the operation of most construction projects runs faster.Asian Metal Copyright However, the demand from downstream industries is likely to release in March when the operation of most construction projects runs faster.Asian Metal Copyright Therefore, insiders predict that prices of wire rod and rebar will rebound slightly next month.
.Asian Metal Copyright Facing the soft demand and high inventory, producers and traders of wire rod and rebar cut prices time and time again after the Spring Festival holiday January 31 to February 6Asian Metal Copyright