During the week ending August 19, Chinese export offer prices for rebar and wire rod have indicated a stable trend. At present, boron-added rebar offers to Southeast Asia given by Chinese suppliers are at $315-325/mt FOB, while boron-added wire rod offers given by Chinese suppliers to the same destination are at $340-350/mt FOB.
China's rebar and wire rod export offer prices are already much lower than export prices from other countries. Meanwhile, finished steel prices in the Chinese domestic market have indicated increases. In this context, Chinese steelmakers and traders will likely try to increase their rebar and wire rod export offer prices in the coming period.