During the week ending July 27, Chinese export offer prices for rebar and
wire rod have decreased. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $330-340/mt FOB, while boron-added
wire rod offers from Chinese suppliers to the same destination are at $340-350/mt FOB.
During the given week, Chinese domestic rebar and
wire rod prices have indicated downward corrections, weakening support for export offer prices for rebar and
wire rod. It is thought that Chinese export offer prices for rebar and
wire rod will likely move on a stable trend in the coming week.