Wire Rod and Rebar Market Report August 2014
2014-09-02 14:47:29 【Print】
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August is traditionally the off-season for construction steel consumption, and prices for wire rod and rebar demonstrated a full-scale downward trend in the major Chinese markets during this period. Moreover, lower raw material prices also contributed to the decline in the price of wire rod and rebar
. Although September is considered the peak season for the steel industry, the market is struggling to improve as the crude steel output remains at a relatively high level . As a result, insiders believe prices for wire rod and rebar will maintain their downward trend next month.