Due to sluggish demand, traders have not been so confident on the prospects for future business, with the result that they have reduced their offer prices for rebar and wire rod, while prices in eastern China have seen bigger declines. Meanwhile, drops in iron ore prices have also exerted a negative impact on rebar and wire rod prices. However, in recent days the stock markets in China have indicated successive rising movements, reflecting optimistic attitudes on the prospects for the commodity and financial markets in the third quarter, and contributing to some improvement in sentiment in the Chinese long steel market. It is expected that rebar and wire rod prices in China will see a slight rebound in the coming week.