Monthly Wire Rod and Rebar Market Report Feb 2022
2022-03-11 09:24:08 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. Market Highlights
Upon expectation of demand recovery and higher prices of raw materials after the Chinese New Year holiday, wire rod and rebar prices in Chinese major markets increased by around RMB150/t (USD24/t) and RMB70/t (USD11/t) respectively this month. Some steel mills in North China cut production due to the pollution curbs for the winter Olympics. Stocks in major regions stayed relatively low compared with the same time in past years. Steel mills lifted export prices further supported by higher prices in domestic market. However, overseas customers remained little interested in buying materials from China.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India kept rising this month, supported by tight supply of raw materials and higher production cost.
Upon expectation of demand recovery and higher prices of raw materials after the Chinese New Year holiday, wire rod and rebar prices in Chinese major markets increased by around RMB150/t (USD24/t) and RMB70/t (USD11/t) respectively this month. Some steel mills in North China cut production due to the pollution curbs for the winter Olympics. Stocks in major regions stayed relatively low compared with the same time in past years. Steel mills lifted export prices further supported by higher prices in domestic market. However, overseas customers remained little interested in buying materials from China.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India kept rising this month, supported by tight supply of raw materials and higher production cost.
