During the week ending June 22, Chinese export offer prices for rebar and wire rod have indicated various trends. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $310-320/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $315-325/mt FOB.
During the given week, domestic rebar and wire rod prices have been characterized by fluctuations, with steelmakers and traders making diverse adjustments to their export offer prices. Since rebar and wire rod prices in the Chinese domestic market are not expected to move up, it is thought that rebar and wire rod export offer prices will likely soften slightly in the coming week.