During the week ending April 29, Chinese export offer prices for construction steel products have indicated a stable trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $340-350/mt FOB, while boron-added wire rod offers given by Chinese suppliers to the same destination are at $350-360/mt FOB, both remaining unchanged week on week.
Lately, iron ore prices have indicated a significant uptrend, boosting confidence among market participants in the steel market, and also providing a certain degree of support for export offer prices of rebar and wire rod. Meanwhile, semi-finished steel and finished steel prices in the Chinese domestic market have moved on a stable trend, which contributes to the stability of export offer prices. It is expected that Chinese construction steel product export prices will continue their stable trend in the coming week.