During the week ending April 6, 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 $335-345/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $360-370/mt FOB.
During the given week, domestic prices of semi-finished steel, rebar and wire rod in China have moved on an upward trend again, pushing up export offer prices for rebar and wire rod. Currently, since domestic consumption of rebar and wire rod has improved, the pressure on Chinese steelmakers and traders to export rebar and wire rod has eased to some extent. It is thought that rebar and wire rod export offer prices from China will likely indicate slight upticks in the coming week.