Wire Rod and Rebar Market Report February 2016

Following the price trend of steel billet, the raw material, prices of wire rod and rebar remained stable in H1 of February and generally went up in H2 of the month.Asian Metal Copyright As there was a long holiday for the Spring Festival February 8, there was little buying activity in the market in the week before and after the holiday.Asian Metal Copyright As there was a long holiday for the Spring Festival (February 8), there was little buying activity in the market in the week before and after the holiday.Asian Metal Copyright However, the market showed some signs of weakening in last several days of the month due to the weak demand from construction projects.Asian Metal Copyright Traders were encouraged by the sharp price rise of steel billet and lifted prices in two weeks after the holiday.Asian Metal Copyright Traders were encouraged by the sharp price rise of steel billet and lifted prices in two weeks after the holiday.Asian Metal Copyright However, the market showed some signs of weakening in last several days of the month due to the weak demand from construction projects.Asian Metal Copyright Traders were encouraged by the sharp price rise of steel billet and lifted prices in two weeks after the holiday.Asian Metal Copyright Insiders predict that prices for wire rod and rebar are likely to come down a little bit in March.
.Asian Metal Copyright However, the market showed some signs of weakening in last several days of the month due to the weak demand from construction projectsAsian Metal Copyright