Monthly Wire Rod and Rebar Market Report Feb 2019
2019-03-05 17:41:41 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Prices for wire rod and rebar in Chinese leading markets went up slightly in February, after the Chinese New Year holiday, which was supported by the price rise of raw materials such as steel billet and iron ore fines. The demand from downstream industries recovered slowly after the holiday, which restricted prices from rebounding significantly. In the international market, prices of wire rod and rebar in many Asian countries such as Malaysia went up on increased production cost all over the world. As the demand from downstream industries will recover further in March, insiders predict that prices of wire rod and rebar in Chinese market would continue to move up slightly then.
Prices for wire rod and rebar in Chinese leading markets went up slightly in February, after the Chinese New Year holiday, which was supported by the price rise of raw materials such as steel billet and iron ore fines. The demand from downstream industries recovered slowly after the holiday, which restricted prices from rebounding significantly. In the international market, prices of wire rod and rebar in many Asian countries such as Malaysia went up on increased production cost all over the world. As the demand from downstream industries will recover further in March, insiders predict that prices of wire rod and rebar in Chinese market would continue to move up slightly then.
