Chinese rebar and wire rod export offer prices move on stable trend

During the week ending June 15, Chinese export offer prices for rebar and wire rod have moved on a stable trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $305-315/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $325-335/mt FOB.
 
During the given week, rebar and wire rod prices in the Chinese domestic market have increased, providing some support for export offer prices for rebar and wire rod from China, enabling Chinese steelmakers and traders to keep their export offer prices stable. It is thought that rebar and wire rod export offer prices will likely continue their stable trend in the coming week.