Chinese rebar and wire rod export offers move down

Wednesday, 01 July 2015 11:36:55 (GMT+3)   |   Shanghai
       

During the week ending July 1, Chinese export offer prices for rebar and wire rod have continued their downward trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $325-335/mt FOB, while boron-added wire rod offers given by Chinese suppliers to the same destination are at $335-345/mt FOB.
 
During the given week, rebar and wire rod prices in the Chinese domestic market have continued their declining trend, negatively affecting export offer prices from China. Meanwhile, increased availability of supply for export has also contributed to the decreases in export offer prices. It is thought that rebar and wire rod export offer prices will likely indicate a slight downtrend in the coming week. 
 

Similar articles

Local Chinese longs prices still fall sharply, is bottom close?

18 Mar | Longs and Billet

Iskenderun-based Turkish mill cuts its rebar price

15 Mar | Longs and Billet

Southern European longs market faces weak demand, falling prices

15 Mar | Longs and Billet

Romanian longs steel prices still stable as demand remains solid

14 Mar | Longs and Billet

Stocks of main finished steel products in China up 4.0 percent in early March

14 Mar | Steel News

Ex-Turkey rebar prices stable but still under pressure

13 Mar | Longs and Billet

Iskenderun-based Turkish mill revises its rebar price

12 Mar | Longs and Billet

Local Chinese longs prices lose up to $20/mt over the week amid weak demand

11 Mar | Longs and Billet

March sees a slow start for the longs market in southern Europe

08 Mar | Longs and Billet

Romanian rebar prices stable, wire rod prices rise

07 Mar | Longs and Billet