During the week ending May 11, Chinese export offer prices for rebar and wire rod have indicated an overall downtrend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $365-375/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $385-395/mt FOB.
During the given week, the sharp declines in Chinese domestic rebar and wire rod prices have negatively affected export offer prices of rebar and wire rod from China. It is thought that rebar and wire rod export offer prices from China will likely move on a downward trend in the coming week.