Monthly Wire Rod and Rebar Market Report Nov 2022
2022-12-08 13:53:01 【Print】
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1. Market Highlights
Supported by higher prices of raw materials but limited demand from downstream industries, wire rod and rebar prices in Chinese major market went up slightly this month. Wire rod prices increased more than rebar prices did as the supply for wire rod became tight gradually. Supported by the appreciation of Chinese yuan, wire rod and rebar export prices showed some signs of moving up. However, the demand from overseas buyers remained weak.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India showed some signs of weakening upon soft demand from downstream industries. Prices in India showed some rebounds in the middle of this month after the export tariff was removed.
Supported by higher prices of raw materials but limited demand from downstream industries, wire rod and rebar prices in Chinese major market went up slightly this month. Wire rod prices increased more than rebar prices did as the supply for wire rod became tight gradually. Supported by the appreciation of Chinese yuan, wire rod and rebar export prices showed some signs of moving up. However, the demand from overseas buyers remained weak.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India showed some signs of weakening upon soft demand from downstream industries. Prices in India showed some rebounds in the middle of this month after the export tariff was removed.
