During the week ending January 13, Chinese export offer prices for
rebar and
wire rod have indicated a rising trend. At present, boron-added
rebar offers to Southeast Asia given by Chinese suppliers are at $260-270/mt FOB, while boron-added
wire rod offers from Chinese suppliers to the same destination are at $275-285/mt FOB.
Due to the rising trend of iron ore prices and the rebound in domestic
rebar and
wire rod prices, Chinese steelmakers and traders have raised their
rebar and
wire rod export offer prices slightly. However, since the rising movement of domestic
rebar and
wire rod prices has slowed down, it is thought that
rebar and
wire rod export offer prices from
China will likely move sideways in the coming week.