Wire Rod and Rebar Market Report November 2015
2015-12-01 09:12:43 【Print】
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Prices of wire rod and rebar witnessed a downward trend in Chinese leading markets this month, influenced by the price drop of raw materials such as iron ore and steel billet
. In addition, the market performances did not see any improvement as the demand from engineering projects continued to shrink with winter’s approaching . Participants were short of confidence in the market recovery and preferred to be cautious about the coming market . Insiders predict that prices for wire rod and rebar are unlikely to rebound in December.