During the week ending April 27, Chinese export offer prices for
rebar and
wire rod have indicated an upward trend. At present, boron-added
rebar offers to Southeast Asia given by Chinese suppliers are at $415-425/mt FOB, while boron-added
wire rod offers from Chinese suppliers to the same destination are at $435-445/mt FOB.
During the given week, the sharp rises in Chinese domestic finished steel prices have caused Chinese steel producers and traders to increase their export offer prices as well. However, in recent days, finished steel prices in the Chinese domestic market have showed signs of softening, which will likely affect export offer prices also. It is thought that
rebar and
wire rod export offer prices from
China will move on a stable trend in the coming week.