Wire Rod and Rebar Market Report January 2017

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 .Asian Metal Copyright Some downstream consumers were relatively active in replenishing stocks before the Chinese New Year.Asian Metal Copyright Some downstream consumers were relatively active in replenishing stocks before the Chinese New Year.Asian Metal Copyright However, the market turned to perform stagnantly in the second half of the month with participants retreating from the market for the Chinese New Year.Asian Metal Copyright However, the market turned to perform stagnantly in the second half of the month with participants retreating from the market for the Chinese New Year.Asian Metal Copyright As the demand from downstream consumers is likely to become stronger with building sites being in operation after the holiday, insiders predict that prices for wire rod and rebar are likely to go up slightly in February.

.Asian Metal Copyright However, the market turned to perform stagnantly in the second half of the month with participants retreating from the market for the Chinese New YearAsian Metal Copyright