Ex-China wire rod offers

SteelOrbis has heard that 6.5 mm drawing quality SAE 1006 boron-added wire rod is being offered for export from China at $520/mt FOB, on actual weight basis and for April shipments, reflecting a decline of $10/mt compared to last week. A five percent export rebate is in effect for the product in question. On the other hand, it is heard that a big mill in eastern China has sold the same product to South Korea at price levels of $480-490/mt FOB, with limited volume due to the weak demand.