During the week ending April 20, Chinese export offer prices for
rebar and
wire rod have indicated an increasing trend. At present, boron-added
rebar offers to Southeast Asia given by Chinese suppliers are at $395-405/mt FOB, while boron-added
wire rod offers from Chinese suppliers to the same destination are at $415-425/mt FOB.
During the given week,
rebar and
wire rod prices in the Chinese domestic market have risen sharply, pushing up
rebar and
wire rod export offer prices. Meanwhile, increasing prices of iron ore and coke have provided further support for finished steel prices in
China. It is thought that
rebar and
wire rod export offer prices from
China will likely move sideways or edge up slightly in the coming week.