Wire Rod and Rebar Market Report August 2011

Due to the tighter monetary policy, most steel market participants were burdening heavier capital pressure.Asian Metal Copyright The market ran sluggish this month and most traders’ sales volumes were under regular level.Asian Metal Copyright Buyers were reluctant to place orders in large quantities and only purchasing materials for urgent need.Asian Metal Copyright Buyers were reluctant to place orders in large quantities and only purchasing materials for urgent need.Asian Metal Copyright The market ran sluggish this month and most traders’ sales volumes were under regular level.Asian Metal Copyright Therefore, insiders predict that prices of wire rod and rebar are unlikely to go up.Asian Metal Copyright Although September is coming, which means the beginning of the traditional high season, traders are not confident of the future market because the demand for construction steel is hard to recover influenced by the heavier capital pressure.Asian Metal Copyright Although September is coming, which means the beginning of the traditional high season, traders are not confident of the future market because the demand for construction steel is hard to recover influenced by the heavier capital pressure.Asian Metal Copyright Therefore, insiders predict that prices of wire rod and rebar are unlikely to go up.Asian Metal Copyright The market ran sluggish this month and most traders’ sales volumes were under regular level.Asian Metal Copyright