Analysis on finished steel export market

During the past week ending June 4, Chinese export offers of construction steel products have continued to witness a downtrend compared to the previous week. At present, China boron-added rebar offers to Southeastern Asia given by domestic steel mills are at $465-475/mt FOB. At the same time, boron-added wire rod offers given by Chinese suppliers are at $480-490/mt FOB.
 
On the flat steel side, in the given period, ex-China boron-added hot rolled coil offers stands at $505-515/mt FOB, while transaction prices are $505-510/mt. The cold rolled coil offers stand $585-595/mt FOB.
 
It is estimated that Chinese steel export price will still see a stable trend in the coming week as steelmakers try to hold their prices unchanged