During the past week ending June 4, Chinese export offers of construction steel products have continued to witness a downtrend compared to the previous week. At present,
China boron-added
rebar offers to Southeastern Asia given by domestic steel mills are at $465-475/mt FOB. At the same time, boron-added
wire rod offers given by Chinese suppliers are at $480-490/mt FOB.
On the flat steel side, in the given period, ex-
China boron-added hot rolled coil offers stands at $505-515/mt FOB, while transaction prices are $505-510/mt. The cold rolled coil offers stand $585-595/mt FOB.
It is estimated that Chinese steel export price will still see a stable trend in the coming week as steelmakers try to hold their prices unchanged