Chinese rebar and wire rod export offers still follow rising trend

During the week ending April 20, Chinese export offer prices for rebar and wire rod have indicated an increasing trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $395-405/mt FOB, while boron-added wire rod offers from Chinese suppliers to the same destination are at $415-425/mt FOB.
 
During the given week, rebar and wire rod prices in the Chinese domestic market have risen sharply, pushing up rebar and wire rod export offer prices. Meanwhile, increasing prices of iron ore and coke have provided further support for finished steel prices in China. It is thought that rebar and wire rod export offer prices from China will likely move sideways or edge up slightly in the coming week.