Monthly Wire Rod and Rebar Market Report Dec 2022
2023-01-12 08:23:50 【Print】
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1. Market Highlights
Supported by increased prices of raw materials and rising expectation for the demand recovery after the epidemics control was removed, wire rod and rebar prices in Chinese major market went up by around RMB200/t (USD30/t) this month. Supported by the appreciation of Chinese yuan and rising prices in domestic market, wire rod and rebar export prices from China went up by USD50-60/t this month.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India began to rebound this month, which was mainly supported by world-wide raw materials' price increase.
Supported by increased prices of raw materials and rising expectation for the demand recovery after the epidemics control was removed, wire rod and rebar prices in Chinese major market went up by around RMB200/t (USD30/t) this month. Supported by the appreciation of Chinese yuan and rising prices in domestic market, wire rod and rebar export prices from China went up by USD50-60/t this month.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India began to rebound this month, which was mainly supported by world-wide raw materials' price increase.
