SteelOrbis has learned that the prices of Chinese origin 18 mm HRB 400 boron-added rebar for Southeast Asia are now at $520/mt FOB, including 13 percent export tax rebate, on actual weight basis, for payments via letter of credit and for early June shipment. The prices have declined by $5/mt since last week.
Meanwhile, the prices of Chinese origin 6.5 mm low carbon boron-added wire rod for Southeast Asia are unchanged at $520/mt CFR, including 17 percent VAT, on actual weight basis, for payments via letter of credit and for early June shipments.