Chinese rebar and wire rod export offer prices move up

During the week ending November 2, Chinese export offer prices for rebar and wire rod have increased. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $355-365/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $405-415/mt FOB.
 
During the given week, rises in rebar and wire rod prices in the Chinese domestic market have pushed up Chinese export offer prices for rebar and wire rod. Meanwhile, semi-finished steel and iron ore prices have also increased, providing support for export offer prices. It is thought that Chinese export offer prices for rebar and wire rod will likely move up further in the coming week.