Monthly Wire Rod and Rebar Market Report Mar 2022
2022-04-12 08:23:47 【Print】
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1. Market Highlights
Encouraged by higher prices of raw materials and the expectation of demand recovery, wire rod and rebar prices in Chinese major markets went up by about RMB250/t (USD39/t) in March. However, markets ran very slowly due to limited demand from downstream industries after the COVID-19 appeared again in some regions. Supported by the reduced supply in the international market after the conflict between Russia and Ukraine, Chinese steel mills increased wire rod and rebar export prices accordingly by around USD50/t.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India continued going up this month, supported by tight supply of raw materials and higher prices of raw materials.
Encouraged by higher prices of raw materials and the expectation of demand recovery, wire rod and rebar prices in Chinese major markets went up by about RMB250/t (USD39/t) in March. However, markets ran very slowly due to limited demand from downstream industries after the COVID-19 appeared again in some regions. Supported by the reduced supply in the international market after the conflict between Russia and Ukraine, Chinese steel mills increased wire rod and rebar export prices accordingly by around USD50/t.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India continued going up this month, supported by tight supply of raw materials and higher prices of raw materials.
