Monthly Wire Rod and Rebar Market Report Jun 2021
2021-07-12 08:16:21 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Due to weakening demand from downstream industries in the traditional low season, mainstream prices of wire rod and rebar in Chinese leading market fell by RMB200-250/t (USD31-39/t) in June. Steel mills became inactive in production in late June due to slight losses. Following the downward trend in Chinese domestic market and softening demand from overseas market, export prices fell back this month.
In the international market, wire rod and rebar prices in some countries such as Malaysia went down slightly due to softening demand under lock down for the COVID-19.
Due to weakening demand from downstream industries in the traditional low season, mainstream prices of wire rod and rebar in Chinese leading market fell by RMB200-250/t (USD31-39/t) in June. Steel mills became inactive in production in late June due to slight losses. Following the downward trend in Chinese domestic market and softening demand from overseas market, export prices fell back this month.
In the international market, wire rod and rebar prices in some countries such as Malaysia went down slightly due to softening demand under lock down for the COVID-19.
