Wire Rod and Rebar Market Report June 2015

Prices for wire rod and rebar continued to go down in China’s leading markets in June, following the downward trend of steel raw materials such as billets. Steel mills continued to cut ex-works prices for wire rod and rebar during the month, as the support from production costs kept weakening.Asian Metal CopyrightPrices for wire rod and rebar continued to go down in China’s leading markets in June, following the downward trend of steel raw materials such as billets.Asian Metal Copyright It is hard to see the demand from downstream consumers becoming stronger in the short term.Asian Metal Copyright Steel mills continued to cut ex-works prices for wire rod and rebar during the month, as the support from production costs kept weakening.Asian Metal Copyright Insiders predict that prices for wire rod and rebar will decrease further in the coming month.