Wire Rod and Rebar Market Report November 2012

Prices of wire rod and rebar in most domestic markets ran in a strong downward trend in November, with the decreasing prices of raw materials and weaker demand in the traditional slow season.Asian Metal Copyright It will be colder in December and the demand will be weaker, so observers predict that prices are likely to go down further in the following month.Asian Metal Copyright As it is getting colder, many outside construction projects are to suspend the operation in Northeast China, thus, the demand for construction steel became quite soft and prices went down.Asian Metal Copyright .Asian Metal Copyright Meanwhile, steel mills in North and Northeast China kept delivering materials to southern parts of the country, and it also aggravated the sluggish market.Asian Metal CopyrightPrices of wire rod and rebar in most domestic markets ran in a strong downward trend in November, with the decreasing prices of raw materials and weaker demand in the traditional slow season.Asian Metal Copyright It will be colder in December and the demand will be weaker, so observers predict that prices are likely to go down further in the following month.
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