Steel Wire Rod Price Trend and Forecast

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Steel Wire Rod Price Trend and Forecast

• During the third quarter of 2022, the US Steel
  Rebar prices fell due to the limited buying
  sentiments. Market participants believe supply
  chain disruptions caused by price increases in
  July weighed on buyer spending. Buyers claim that
  June's most recent drops in ferrous pricing
  fuelled speculation that the market reached the
  bottom. Unfortunately for ferrous scrap sellers,
  later bids from overseas buyers and sluggish
  domestic buying in the early quarter governed the
  price dynamics of Steel wire rods. Furthermore,
  US Steel Wire Rod price had significantly
  impacted weak downstream demand, cautious service
  center purchasing, and persistently high
  inventory supply. Towards the quarter's end, the
  price of Steel wire rod was USD 1548 per MT,
  Ex-Texas (USA).
• https//www.chemanalyst.com/Pricing-data/steel-wir
  e-rod-1378

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Steel Wire Rod prices in the Chinese Market
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Steel wire rod pricing in the European market
fell precipitously in the third quarter of 2022

• Steel wire rod pricing in the European market
  fell precipitously in the third quarter of 2022
  due to low demand and higher energy costs.
  According to market participants, summer
  vacations and routine plant maintenance also
  contribute to low steelmakers' demand. Steel Wire
  Rod prices rose in the quarter as mills reduced
  capacity due to high production costs.
  Furthermore, high energy prices forced some mills
  to extend their August maintenance shutdowns into
  September. Buyers refused to pay inflated prices.
  As a result, the Steel Wire Rod market remains
  quiet this quarter, with demand subdued and
  buyers on the sidelines. Towards the quarter end,
  the price of Steel wire rod was USD 856 per MT,
  Ex-Ruhr (Germany).
• https//www.chemanalyst.com/Pricing-data/steel-wir
  e-rod-1378

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Steel Wire Rod Pricing in Global Market Online
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Steel Wire Rod prices in the Chinese market fell
during the third quarter of 2022 

• Steel Wire Rod prices in the Chinese market fell
  during the third quarter of 2022 due to a
  sluggish demand outlook. According to market
  participants, China's steel demand significantly
  underperformed due to ongoing contractions in the
  country's real estate sector, while the firm
  stated that an energy crisis had increased the
  risk of a European recession. Furthermore, the US
  Federal Reserve continued to raise its policy
  rate, strengthening the US dollar while
  increasing import costs for emerging markets.
  Domestic rebar prices in China increased towards
  the quarter, starting after the government
  announced additional infrastructure development
  and easing pandemic-related restrictions. The
  construction sector in North China, East China,
  and Southwest China was reduced primarily due to
  stable and falling business market prices and
  cold terminal demand. Towards the quarter end,
  the price of Steel wire rod was USD 626 per MT,
  Ex-Shanghai (China). 
• https//www.chemanalyst.com/Pricing-data/steel-wir
  e-rod-1378

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Demand of Steel Wire Rod online
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Steel Wire Rod Price Trend and Forecast
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During the third quarter of 2022 the US Steel
Rebar prices fell due to the limited buying
sentiments

• Steel Wire Rod prices in the Chinese market fell
  during the third quarter of 2022 due to a
  sluggish demand outlook. According to market
  participants, China's steel demand significantly
  underperformed due to ongoing contractions in the
  country's real estate sector

• Steel wire rod prices in the European market fell
  precipitously in the third quarter of 2022 due to
  low demand and higher energy costs. According to
  market participants, summer vacations and routine
  plant maintenance also contribute to low
  steelmakers' demand

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Free Search Steel Wire Rod Market Price Online
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