Chinese WR export offer to South Korea

SteelOrbis has been informed that ex-China SAE1008 boron-added 6.5 mm wire rod is being offered for export at the level of $510-520/mt CFR South Korea on actual weight basis for July shipment. The price level includes nine percent export rebate and is considered to be acceptable to South Korean buyers. The export rebate for boron-added wire rod has increased from five percent to nine percent as of June 1.