Chinese rebar and wire rod export offer prices soften slightly

During the week ending October 12, Chinese export offer prices for rebar and wire rod have softened slightly. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $335-345/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $360-370/mt FOB.
 
During the given week, since transaction activities for domestic rebar and wire rod have been at low levels, some traders and steelmakers have reduced their export offer prices to attract more orders. After the long National Day Holiday (October 1-7), domestic market activities have gradually resumed and prices for domestic rebar and wire rod have moved on a rising trend. It is thought that Chinese export offer prices for rebar and wire rod will edge up slightly in the coming week.