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Wire rod, rebar market may inch down in late Sept

Prices of wire rod and rebar will possibly edge down in late September amid high operating rates at steel mills, weakened rebar futures market and lower-than-expected downstream demand, in spite of firm feedstock market.

09-23-2020 13:44:46

Coil, rebar inventories fall on turnarounds

Shandong (JLC), November 12, 2019--The overall inventories of coil and rebar kept falling due to maintenance and average demand.

11-12-2019 16:33:55

Rebar prices likely to drop in late April

Shandong (JLC), April 10, 2019--Rebar prices will possibly go down in late April due to supply pressure and subdued demand from real estate industry.

04-10-2019 15:35:06

Rebar market to be weak before year-end

Shandong (JLC), January 9, 2019--The domestic rebar market will keep lackluster with the coming Spring Festival holiday due to subdued demand and increased inventory.

01-09-2019 16:53:48

Rebar prices to extend uptrend in Nov

Shandong (JLC), October 24, 2018--The domestic rebar price will rise slightly in November due to tight supply and support from firm feedstock prices despite falling demand from real estate.

10-24-2018 14:54:55

Rebar price rises on better fundamentals

Shandong (JLC), July 18, 2018--Rebar price jumped in the week ended July 15th due to improved demand and tight supply caused by the declines of social and steel mills’ inventories.

07-18-2018 17:40:09

Rebar price to rise on bullish factors

Domestic rebar price will go up after falling in the second half of April amid dropped inventory and stringent pro-environment inspection.

04-17-2018 18:08:18

Be cautious for rebar market amid bullish and bearish factor interweaving

On May 15th, the National Bureau of Statistics of the PRC issued April macro economic data, of which the yearly growth rate of industrial added value, service industry production index, total retail sales of consumer goods and the fixed asset investment declined.

05-18-2017 10:50:00

Rebar inventory slumped 5.94% WoW to 7.859 million mt

The national social inventory of steel declined for three straight weeks. According to JLC data, up to March 10th, the national integrated inventory totaled 15.4495 million mt, down by 3.91% from a week ago, of which rebar inventory dropped 5.94% WoW to 7.859 million mt

03-17-2017 09:19:38

Does market consumption restart lead to wire rod and rebar inventory dropping?

Up to March 3rd, 2017, according to JLC statistics from 28 cities, wire rod and rebar inventory totaled 11.0085 million mt, dropping 492,600 mt from the week prior and gaining 48.2% YoY. Of which wire rod and rebar inventory read 2.405 million mt and 8.6035 million mt respectively,

03-10-2017 16:32:55

Shanghai rebar hits a 2-week high, but gains seen fragile

Shanghai steel futures stretched gains to touch a two-week high on Monday following recent similar rises in raw material iron ore, although a shaky demand outlook capped the upside.

09-27-2016 16:25:03

Shanghai rebar, iron ore futures rebound after heavy losses

Chinese steel futures rose more than 3 percent on Thursday after three straight days of losses, lifted by a spike in spot prices and supported by a technical correction.

07-22-2016 14:56:52

Shanghai rebar extends gains on demand hopes, low inventories

Chinese steel futures extended gains on Monday, backed by improved seasonal demand and low inventories in top market China, lifting prices for raw material iron ore.

03-29-2016 17:25:03

Shanghai rebar steadies, but weak demand weighs on market

Chinese rebar futures lost upward momentum on the first trading day of 2016, giving up early gains that came on higher spot steel prices as underlying demand remains weak.

01-05-2016 15:48:37

Shanghai rebar rebounds from record low, but iron ore struggles

Shanghai steel futures rose more than 1 percent to recover from a record low on Wednesday, but the sharp gains failed to spill over to Dalian iron ore amid persistent worries about weak demand from top consumer China.

12-03-2015 14:20:45

Rebar prices dip further amid weak equilibrium

Rebar prices are drifting lower continuously recently. The movement of January 2016 rebar contract injects a bearish tone in the spot market.

10-09-2015 16:50:55

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