Two of China's main export mills released their offers for SD400 rebar on Oct. 15 for November shipment, market sources told S&P Global Platts.

One main export mill in eastern China released offer for SD400 rebar 13-25 mm at $510/mt CFR Korea theoretical weight, and $520/mt CFR for 10 mm, said a market source. These two offers were both up $10/mt from September, according to Platts observation.

Another eastern China export mill was offering SD400 rebar 13-25 mm at $510/mt CFR Korea theoretical weight and $520/mt CFR for 10 mm, according to one mill source. Offers were both up $10/mt from September, according to Platts observations.

Rebar prices increased on higher China domestic market prices, said market source, adding that these offers might last to next week to make a deal.

The most actively traded January 2021 rebar futures contract on the Shanghai Futures Exchange closed at Yuan 3,612/mt Oct. 15, down Yuan 107/mt from the last price adjustment on Sept. 8.

-- Analyst Chelsea Ye