Monthly Wire Rod and Rebar Market Report Oct 2019
2019-11-12 08:39:52 【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 October, wire rod and rebar market in North and East China ran inactively and prices did not show big changes compared with a month ago. In South China, prices went up by around RMB100/t (USD14/t) amid growing demand. However, most traders and steel mills did not show much confidence in the coming month on reducing demand in northern parts of China.
In the international market, steel mills in Malaysia and India stopped cutting prices on high production cost and waited for growing demand from downstream industries. However, steel mills in China cut wire rod and rebar export prices further on weak competition in the international market.
In October, wire rod and rebar market in North and East China ran inactively and prices did not show big changes compared with a month ago. In South China, prices went up by around RMB100/t (USD14/t) amid growing demand. However, most traders and steel mills did not show much confidence in the coming month on reducing demand in northern parts of China.
In the international market, steel mills in Malaysia and India stopped cutting prices on high production cost and waited for growing demand from downstream industries. However, steel mills in China cut wire rod and rebar export prices further on weak competition in the international market.
