Chinese rebar export market remain slow - 28 Aug, 2008
It is reported that there has been few Chinese construction steel exports this week and the scenario is going to spread into next month.
Chinese domestic market prices are still on the decrease .Shanghai market prices for HRB335 20mm rebar is being quoted at CNY 4880 per tonne to CNY 4900 per tonne, HRB400 grade material is being quoted at CNY 4850 per tonne to CNY 4860 per tonne down by CNY 60 per tonne and CNY 150 per tonne from last Friday. Commercial wire rod is at CNY 4800 per tonne to CNY 4810 per tonne that for hi-speed material goes at CNY 4850 per tonne to CNY 4880 per tonne a decrease of CNY 60 per tonne and CNY 50 per tonne from end last week.
Export offers for rebar are about USD 910 per tonne to USD 920 per tonne for 10mm to 25mm. BS4449 Grade 460 rebar with CARES certification at USD 1150 per tonne to USD 1170 per tonne FOB.
