Monthly Wire Rod and Rebar Market Report Dec 2021
2022-01-06 09:34:02 【Print】
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1. Market Highlights
Discouraged by weakening demand from construction sites, prices of wire rod and rebar in Chinese major markets went down by around RMB100/t (USD16/t) in December. The price rise of raw materials like iron ore fines failed to pull wire rod and rebar prices up upon slow market performance. Stocks in major markets remained at relatively low levels due to the production cut in past months. However, steel mills showed little optimism for the coming market as the demand would shrink further when the lunar New Year approaches.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India went down further this month due to softening demand from downstream industries and lower offers of imported materials.
Discouraged by weakening demand from construction sites, prices of wire rod and rebar in Chinese major markets went down by around RMB100/t (USD16/t) in December. The price rise of raw materials like iron ore fines failed to pull wire rod and rebar prices up upon slow market performance. Stocks in major markets remained at relatively low levels due to the production cut in past months. However, steel mills showed little optimism for the coming market as the demand would shrink further when the lunar New Year approaches.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India went down further this month due to softening demand from downstream industries and lower offers of imported materials.
