Wire Rod and Rebar Market Report June 2014

Prices for wire rod and rebar have been on the slide two consecutive months, reaching their bottom level during the first half of this year. Insiders do not believe prices for wire rod and rebar will continue to decline next month as raw material prices stopped falling at the end of this month.Asian Metal CopyrightPrices for wire rod and rebar have been on the slide two consecutive months, reaching their bottom level during the first half of this year.Asian Metal Copyright Nevertheless, the demand is also not strong enough to support a price recovery in the near future.Asian Metal Copyright Nevertheless, the demand is also not strong enough to support a price recovery in the near future.Asian Metal Copyright Therefore, insiders believe that prices for wire rod and rebar will be unchanged next month.