It is reported that Chinese domestic construction steel market is quite slow this week and export offers are largely unchanged. Domestic market prices are still in adjustment and the dull period is expected to maintain for at least 2 weeks to 3 weeks.

Shanghai market prices
1. HRB335 20mm rebar- CNY 5260 per tonne to CNY 5270 per tonne
2. HRB400 20mm rebar - CNY 5500 per tonne to CNY 5530 per tonne
3. Commercial wire rod is at CNY 5520 per tonne
4. Hi speed wire rod - CNY 5860 per tonne to CNY 5870 per tonne.

Export offers for rebar with boron are about USD 1140 per tonne FOB to USD 1180 per tonne FOB and some small producers are quoting at about USD 1100 per tonne FOB.

Most suppliers wish to export rebar to Middle East Area to earn more profit since the landed price is about USD 1300 per tonne to USD 1350 per tonne CFR Dubai.

(Sourced from MySteel.net)