During the week ending August 12, Chinese export offer prices for
rebar and
wire rod have indicated a stable trend. At present, boron-added
rebar offers to Southeast Asia given by Chinese suppliers are at $315-325/mt FOB, while boron-added
wire rod offers given by Chinese suppliers to the same destination are at $340-350/mt FOB.
After the previous rises seen in
rebar and
wire rod export prices, orders from overseas purchasers have decreased. Meanwhile, the rising trend in iron ore prices has come to a halt, contributing to the stable trend of
rebar and
wire rod export prices. It is expected that Chinese
rebar and
wire rod export offer prices will likely move sideways in the coming week.