Wire Rod and Rebar Market Report July 2015

Prices for wire rod and rebar in China’s leading markets recorded a downward trend in the early part of July and then witnessed an upward trend late in the month, following the price trend of steel raw materials, such as iron ore fine and steel billets. In addition, some steel mills controlled the production of wire rod and rebar due to the environmental protection at the end of the month, which contributed to the price increase.Asian Metal Copyright Insiders predict that prices for wire rod and rebar will continue on an upward trend at the beginning of August but the figures will then come down because of the stagnant demand from buyers.Asian Metal Copyright However, demand from downstream consumers for wire rod and rebar failed to become strong in the month.Asian Metal CopyrightPrices for wire rod and rebar in China’s leading markets recorded a downward trend in the early part of July and then witnessed an upward trend late in the month, following the price trend of steel raw materials, such as iron ore fine and steel billets.Asian Metal Copyright Insiders predict that prices for wire rod and rebar will continue on an upward trend at the beginning of August but the figures will then come down because of the stagnant demand from buyers.