Wire Rod and Rebar Market Report October 2016

Influenced by the increased production cost, prices of wire rod and rebar generally recorded an upward trend this month. Those in East China and South China rebounded by around RMB200/t (USD30/t) while those in North China only increased by around RMB80/t (USD12/t) due to the shrank demand from building sites.Asian Metal Copyright Those in East China and South China rebounded by around RMB200t USD30t while those in North China only increased by around RMB80t USD12t due to the shrank demand from building sites.Asian Metal Copyright Steel mills showed strong intention to lifting prices seeing sharp price increases of coke and steel billet, raw materials of wire rod and rebar.Asian Metal CopyrightInfluenced by the increased production cost, prices of wire rod and rebar generally recorded an upward trend this month.Asian Metal Copyright However, the demand from downstream consumers remained stagnant.Asian Metal CopyrightInfluenced by the increased production cost, prices of wire rod and rebar generally recorded an upward trend this month.Asian Metal Copyright Insiders predict that prices for wire rod and rebar are likely to fluctuate and generally record a downward trend in the coming month.

.Asian Metal CopyrightInfluenced by the increased production cost, prices of wire rod and rebar generally recorded an upward trend this monthAsian Metal Copyright