Wire Rod and Rebar Market Report February 2015

The construction steel market in China continued to perform sluggishly this month, because the demand from downstream industries weakened in the run-up to the Spring Festival holiday. Participants took a 7-10 day break and most engineering projects were not operating during the holiday.Asian Metal CopyrightThe construction steel market in China continued to perform sluggishly this month, because the demand from downstream industries weakened in the run-up to the Spring Festival holiday.Asian Metal Copyright In addition, the support from production costs remained weak with prices for raw materials still at a low level.Asian Metal Copyright In addition, the support from production costs remained weak with prices for raw materials still at a low level.Asian Metal Copyright Insiders predict the performance of the construction steel market will continue to disappoint in the first half of March, although it is likely to see a slight improvement in the latter half.