Wire Rod and Rebar Market Report June 2017
2017-07-04 14:34:39 【Print】
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Influenced by increased raw materials’ prices and the prosperity in the futures market, wire rod and rebar market performed actively in the beginning and end of June, with prices going on the upward trend
. However, prices went up and down in the middle of the month when the market run slowly . Steel mills kept being active in producing construction steels seeing relatively high profits and had no intention to cut output in the foreseeable future . However, it will be the traditional low season in July, when the market transaction may be negatively influenced by the hot and rainy weather . Insiders predict that prices for wire rod and rebar are likely to decline in July.