Wire Rod and Rebar Market Report March 2014
2014-04-01 18:09:11 【Print】
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The domestic wire rod and rebar market did not make much progress in March although it is regarded as the traditional high season for the construction industry
. Prices for raw materials like iron ore and billet failed to go up, so support for finished steel from production costs was weak . Besides, demand for wire rod and rebar from downstream buyers was soft and stocks in some regions were still large . Thus, most traders dared not lift their offers much . Considering that, on the one hand, demand from downstream industries such as real estate will not improve much in April — while on the other, market stocks will decrease gradually — insiders predict that prices of wire rod and rebar will go up slightly.