During the week ending June 17, Chinese export offer prices for
rebar and
wire rod have continued their stable trend. 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 given by Chinese suppliers to the same destination are at $345-355/mt FOB.
During the given week, Chinese steelmakers and traders have kept their prices unchanged as the international steel market has been characterized by a relatively stable trend. However,
rebar and
wire rod prices in the Chinese domestic market have softened. At the same time, the rebound in iron ore prices appears to have come to an end. It is thought that
rebar and
wire rod export prices from
China will likely edge down in the coming week.