Wire Rod and Rebar Market Report December 2016

Influenced by the government’s restriction on steel mills’ production, prices of wire rod and rebar recorded an upward trend in the first half of this month.Asian Metal Copyright However, the demand from downstream consumers continued to shrink in the traditional low season, when the year end was approaching.Asian Metal Copyright However, the demand from downstream consumers continued to shrink in the traditional low season, when the year end was approaching.Asian Metal Copyright .Asian Metal Copyright As a consequence, prices of wire rod and rebar fell back in the second half of this month.Asian Metal Copyright Since the Chinese New Year will come in the end of January, the demand from downstream consumers will keep shrinking in the month.Asian Metal Copyright Since the Chinese New Year will come in the end of January, the demand from downstream consumers will keep shrinking in the month.Asian Metal Copyright As a consequence, prices of wire rod and rebar fell back in the second half of this month.Asian Metal Copyright Insiders predict that prices for wire rod and rebar are likely to record a downward trend in January.

.Asian Metal CopyrightInfluenced by the government’s restriction on steel mills’ production, prices of wire rod and rebar recorded an upward trend in the first half of this monthAsian Metal Copyright