Wire Rod and Rebar Market Report October 2015

Influenced by the poor market performance, prices for wire rod and rebar in China’s leading markets continued to decrease in the first three weeks of this month. However, they eventually stopped falling and showed signs of rebounding in some regions in the last week of the month as the supply became relatively tight during that time.Asian Metal Copyright Insiders predict that prices for wire rod and rebar are likely to be back on a downward trend in November.Asian Metal Copyright Steel mills had announced losses in Q3 of this year and participants showed little optimism regarding the market outlook.Asian Metal Copyright In addition, demand from engineering projects will shrink further in the near future.Asian Metal Copyright In addition, demand from engineering projects will shrink further in the near future.Asian Metal Copyright Steel mills had announced losses in Q3 of this year and participants showed little optimism regarding the market outlook.Asian Metal Copyright Insiders predict that prices for wire rod and rebar are likely to be back on a downward trend in November.