3,000-3,500 mt of
China origin BS4449 grade 12-32 mm diameter (12 and 14 mm each accounting for 20 percent) debar has been offered from
China to
Southeast Asia at $420-430/mt FOB Lianyungang Port,
China on theoretical weight basis via at sight payment by letter of credit for end of March shipment.
China's
rebar exports to South
Korea hit a record annual high of about 700,000 metric tons in 2006. Actual demand for rebars from home and abroad, especially from
China's neighbour South
Korea, has increased remarkably, resulting in
rebar price rises for both the domestic and international markets.