During the week ending July 20, Chinese export offer prices for rebar and wire rod have increased. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $345-355/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $355-365/mt FOB.
However, in the last three trading days, finished steel and raw material prices have moved on a downward trend in the Chinese domestic market, which will exert a negative impact on rebar and wire rod export prices from China. It is expected that Chinese export offer prices for rebar and wire rod will likely edge down in the coming week.