November 20, 2008

Chinese rebar and wire rod export prices remain unchanged

It is reported that Chinese domestic construction steel market was quiet this week and export prices also remained largely unchanged.

Shanghai market prices for HRB335 20mm rebar is being quoted at CNY 5250 per tonne to CNY 5260 per tonne, HRB400 grade material is being quoted at CNY 5440 per tonne to CNY 5480 per tonne down CNY 10 per tonne and CNY 50 per tonne to CNY 60 per tonne from last Thursday. Commercial wire rod is at CNY 5500 per tonne that for hi-speed material remains at CNY 5780 per tonne to CNY 5800 per tonne, down CNY 60 per tonne to CNY 70 per tonne WoW.

Export offers for rebar are about USD 1080 per tonne to CNY 1130 per tonne FOB and some producers are quoting at about USD 1120 per tonne to USD 1150 per tonne FOB. Offers for BS grade rebar to Middle East are enjoying higher level of USD 1250 per tonne to USD 1330 per tonne CFR.

(Sourced from MySteel.net)