During the week ending April 5, Chinese export offer prices for rebar and wire rod have indicated a soft trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $465-475/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $475-485/mt FOB.
During the given week, domestic rebar and wire rod prices have indicated a downward trend, exerting negative impact on Chinese export offer prices for rebar and wire rod. Meanwhile, steelmakers have increased their capacity utilization rates and this is expected to eventually influence rebar and wire rod export prices negatively from the supply side. It is thought that rebar and wire rod export offer prices will likely move sideways in the coming week.