Wire Rod and Rebar Market Report March 2014

The domestic wire rod and rebar market did not make much progress in March although it is regarded as the traditional high season for the construction industry.Asian Metal CopyrightThe domestic wire rod and rebar market did not make much progress in March although it is regarded as the traditional high season for the construction industry.Asian Metal Copyright Prices for raw materials like iron ore and billet failed to go up, so support for finished steel from production costs was weak.Asian Metal CopyrightThe domestic wire rod and rebar market did not make much progress in March although it is regarded as the traditional high season for the construction industry.Asian Metal Copyright Besides, demand for wire rod and rebar from downstream buyers was soft and stocks in some regions were still large.Asian Metal Copyright Thus, most traders dared not lift their offers much.Asian Metal Copyright Thus, most traders dared not lift their offers much.Asian Metal Copyright Thus, most traders dared not lift their offers much.Asian Metal Copyright Considering that, on the one hand, demand from downstream industries such as real estate will not improve much in April — while on the other, market stocks will decrease gradually — insiders predict that prices of wire rod and rebar will go up slightly.
.Asian Metal CopyrightThe domestic wire rod and rebar market did not make much progress in March although it is regarded as the traditional high season for the construction industryAsian Metal Copyright