During the week ending March 1, Chinese export offer prices for rebar and wire rod have been characterized by diverse trends. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $480-490/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $495-505/mt FOB.
During the given week, domestic rebar and wire rod prices have been fluctuated, with steelmakers and traders making diverse adjustments to their export offer prices. Speculative activity in the market has been limited. Since rebar and wire rod prices in the Chinese domestic market are expected to remain stable, it is thought that rebar and wire rod export offer prices will likely move sideways in the coming week.