Wire Rod and Rebar Market Report January 2015

Conditions in the construction steel market worsened in the first month of 2015 with prices for wire rod and rebar decreasing throughout.Asian Metal Copyright In addition, most mills’ export orders taken in January decreased greatly and they will face heavier sales pressure in coming several months, so insiders predict that the construction steel market will remain sluggish in February and prices will go down again.Asian Metal Copyright Prices for raw materials, such as iron ore and steel billet, declined sharply this month and demand for construction steel shrank as the majority of construction projects had stopped operation.Asian Metal Copyright Participants will take a 7-10 days’ holiday for the Spring Festival from next week.Asian Metal Copyright Participants will take a 7-10 days’ holiday for the Spring Festival from next week.Asian Metal Copyright In addition, most mills’ export orders taken in January decreased greatly and they will face heavier sales pressure in coming several months, so insiders predict that the construction steel market will remain sluggish in February and prices will go down again.Asian Metal Copyright In addition, most mills’ export orders taken in January decreased greatly and they will face heavier sales pressure in coming several months, so insiders predict that the construction steel market will remain sluggish in February and prices will go down again.Asian Metal Copyright Participants will take a 7-10 days’ holiday for the Spring Festival from next week.Asian Metal Copyright