Monthly Wire Rod and Rebar Market Report Dec 2019
2020-01-09 14:38:23 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
After the sharp rise in November, prices of wire rod and rebar fell back gradually in December, with shrinking demand from downstream industries in northern parts of China. Materials from northern mills swarmed into South China, which accelerated the price decrease. Stocks in most regions began to move up obviously in late December.
In the international market, steel mills in Malaysia and India increased slightly on higher production cost. However, the demand from downstream industries had not grown obviously. Steel mills in China lower wire rod and rebar export prices accordingly to the decline in domestic market.
After the sharp rise in November, prices of wire rod and rebar fell back gradually in December, with shrinking demand from downstream industries in northern parts of China. Materials from northern mills swarmed into South China, which accelerated the price decrease. Stocks in most regions began to move up obviously in late December.
In the international market, steel mills in Malaysia and India increased slightly on higher production cost. However, the demand from downstream industries had not grown obviously. Steel mills in China lower wire rod and rebar export prices accordingly to the decline in domestic market.
