Monthly Wire Rod and Rebar Market Report Sep 2022
2022-10-10 17:57:25 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
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1. Market Highlights
Supported by slight demand recovery from downstream industries, wire rod and rebar prices in Chinese major regions moved up by around RMB100/t (USD14/t) in September. Steel mills faced thin profit this month but remained relatively active in production. Stocks in major regions continued to decrease during this time. Due to the depreciation of Chinese yuan, wire rod export prices from China went down by around USD20/t this month.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India showed some signs of halting falling this month, supported by firm production cost. However, the demand from downstream industries failed to pick up obviously.
Supported by slight demand recovery from downstream industries, wire rod and rebar prices in Chinese major regions moved up by around RMB100/t (USD14/t) in September. Steel mills faced thin profit this month but remained relatively active in production. Stocks in major regions continued to decrease during this time. Due to the depreciation of Chinese yuan, wire rod export prices from China went down by around USD20/t this month.
In the international market, wire rod and rebar prices in some Asian countries such as Malaysia and India showed some signs of halting falling this month, supported by firm production cost. However, the demand from downstream industries failed to pick up obviously.
