During the week ending May 9, Chinese export offer prices for rebar and wire rod have indicated a fluctuating trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $425-435/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $430-450/mt FOB.
During the given week, the rising trend of domestic semi-finished and finished steel prices in the first half of the week and the significant declines in ferrous metal futures prices in the latter part of the week caused Chinese rebar and wire rod export offer prices first to increase and then to move back down. It is thought that rebar and wire rod export offer prices will likely indicate small fluctuations in the coming week.