Wire Rod and Rebar Market Report April 2015

The construction steel market in China failed to see any improvement in April. Prices for wire rod and rebar decreased sharply in the first half month, while the mark-down was narrowed in the latter half, influenced by the rebound in the price of steel raw materials, such as steel billets.Asian Metal Copyright In view of the fact that the prices of raw materials rebounded in April and participants were encouraged to some extent by this, insiders predict that prices for construction steels will come down again in May but the mark-down will have narrowed.Asian Metal Copyright Participants showed little optimism in the future of the market and preferred to hold a wait-and-see attitude towards any developments.Asian Metal Copyright Participants showed little optimism in the future of the market and preferred to hold a wait-and-see attitude towards any developments.Asian Metal Copyright In view of the fact that the prices of raw materials rebounded in April and participants were encouraged to some extent by this, insiders predict that prices for construction steels will come down again in May but the mark-down will have narrowed.