Monthly Wire Rod and Rebar Market Report Sep 2019
2019-10-10 17:40:26 【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
In September, prices of rebar in Chinese domestic market moved up slightly supported by the gradually reduced supply for the environmental protection inspection before the National Day. Prices of wire rod failed to follow the upward trend on relatively sufficient supply and weak demand. Construction steel market did not show significant improvement in the traditional high season discouraged by the tight capital flow and sluggish demand from downstream industries.
In the international market, prices in Malaysia and India continued on the downward trend dragged by the weak demand. Chinese export prices were forced to go down on fierce competition in the international market.
In September, prices of rebar in Chinese domestic market moved up slightly supported by the gradually reduced supply for the environmental protection inspection before the National Day. Prices of wire rod failed to follow the upward trend on relatively sufficient supply and weak demand. Construction steel market did not show significant improvement in the traditional high season discouraged by the tight capital flow and sluggish demand from downstream industries.
In the international market, prices in Malaysia and India continued on the downward trend dragged by the weak demand. Chinese export prices were forced to go down on fierce competition in the international market.
