Wire rod and rebar Market Report May 2012

Prices of construction steel in most domestic markets experienced a sharp and continuous downward trend in May, due to the soft demand from end users and the lowering raw materials.Asian Metal CopyrightPrices of construction steel in most domestic markets experienced a sharp and continuous downward trend in May, due to the soft demand from end users and the lowering raw materials.Asian Metal Copyright At the end of the month, prices showed some clues of rebounding because the government announced to invest more industrial projects, indicating more steel products will be needed.Asian Metal CopyrightPrices of construction steel in most domestic markets experienced a sharp and continuous downward trend in May, due to the soft demand from end users and the lowering raw materials.Asian Metal Copyright However, with the approach of the traditional low season in June and July, when is hot and rainy in most Chinese cities, the operation of projects is likely to slow down, so observers predict that prices are unlikely to keep moving up in June, and the market is probably to remain dull.
.Asian Metal Copyright At the end of the month, prices showed some clues of rebounding because the government announced to invest more industrial projects, indicating more steel products will be neededAsian Metal Copyright