During the week ending August 3, Chinese export offer prices for rebar have increased, while wire rod export offers have remained stable. 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 $340-350/mt FOB.
During the given week, Chinese domestic rebar, wire rod and semi-finished steel prices have indicated an overall rising trend, providing support for export offer prices for rebar and wire rod. Since the rising trend of domestic prices will likely continue, it is thought that Chinese export offer prices for rebar and wire rod will increase in the coming week.