Wire Rod and Rebar Market Report August 2015

Prices for wire rod and rebar in China’s leading markets went up quickly in early August but came down gradually in the middle and latter part of the month —, following the price trend of steel billet, the raw material for wire rod and rebar. Steel mills began to show little optimism regarding the market outlook as more and more new material arrived on the major markets.Asian Metal Copyright Steel mills began to show little optimism regarding the market outlook as more and more new material arrived on the major markets.Asian Metal Copyright Insiders predict that prices for wire rod and rebar will decline slightly in September, even though it is traditionally peak season for steel consumption.