Monthly Wire Rod and Rebar Market Report Apr 2023
2023-05-12 08:21:49 【Print】
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1. Market Highlights
Due to rising bearish sentiment from participants and falling prices of raw materials, in April prices of wire rod and rebar prices in Chinese major regions dropped by RMB400-500/t (USD58-72/t). More and more steel mills faced deficit and cut production for wire rod and rebar in the month. Discouraged by continuously falling prices in domestic market, wire rod and rebar export prices from China edged down again and again this month and overseas clients kept cautious in placing orders.
In the international market, wire rod and rebar prices in Malaysia, India and Thailand recorded a downward trend this month, due to falling prices of raw materials and softening demand from downstream industries.
Due to rising bearish sentiment from participants and falling prices of raw materials, in April prices of wire rod and rebar prices in Chinese major regions dropped by RMB400-500/t (USD58-72/t). More and more steel mills faced deficit and cut production for wire rod and rebar in the month. Discouraged by continuously falling prices in domestic market, wire rod and rebar export prices from China edged down again and again this month and overseas clients kept cautious in placing orders.
In the international market, wire rod and rebar prices in Malaysia, India and Thailand recorded a downward trend this month, due to falling prices of raw materials and softening demand from downstream industries.
