Wire Rod and Rebar Market Report July 2014

Prices for wire rod and rebar rebounded slightly on the major markets in July after falling for two consecutive months. However, demand for the products remained soft and wire rod prices declined in Tianjin due to the sluggish market.Asian Metal Copyright As a result, insiders believe prices for wire rod and rebar are unlikely to maintain their upward trend next month and will be generally stable.Asian Metal Copyright August is traditionally the off-season for construction steel consumption, while crude steel output stays at a relatively high level.Asian Metal CopyrightPrices for wire rod and rebar rebounded slightly on the major markets in July after falling for two consecutive months.Asian Metal Copyright As a result, insiders believe prices for wire rod and rebar are unlikely to maintain their upward trend next month and will be generally stable.