Wire Rod and Rebar Market Report June 2017

Influenced by increased raw materials’ prices and the prosperity in the futures market, wire rod and rebar market performed actively in the beginning and end of June, with prices going on the upward trend.Asian Metal Copyright However, prices went up and down in the middle of the month when the market run slowly.Asian Metal Copyright However, prices went up and down in the middle of the month when the market run slowly.Asian Metal Copyright However, prices went up and down in the middle of the month when the market run slowly.Asian Metal Copyright Steel mills kept being active in producing construction steels seeing relatively high profits and had no intention to cut output in the foreseeable future.Asian Metal CopyrightInfluenced by increased raw materials’ prices and the prosperity in the futures market, wire rod and rebar market performed actively in the beginning and end of June, with prices going on the upward trend.Asian Metal Copyright However, it will be the traditional low season in July, when the market transaction may be negatively influenced by the hot and rainy weather.Asian Metal Copyright Steel mills kept being active in producing construction steels seeing relatively high profits and had no intention to cut output in the foreseeable future.Asian Metal Copyright Insiders predict that prices for wire rod and rebar are likely to decline in July.

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