Wire Rod and Rebar Market Report May 2015

The construction steel market in China continued to run slowly, with prices falling in leading markets in May. Steel mills cut ex-works prices for wire rod and rebar during the month, influenced by weakened support from production costs.Asian Metal Copyright Steel mills cut ex-works prices for wire rod and rebar during the month, influenced by weakened support from production costs.Asian Metal Copyright The demand from downstream consumers was rather stagnant during this time.Asian Metal Copyright The demand from downstream consumers was rather stagnant during this time.Asian Metal Copyright Insiders predict that prices for construction steels will continue on a downward trend in June.