18
Jun
11:53
Chinese billet export prices bounce back
Chinese billet export prices appear to have sprung back up this week, Kallanish notes. Several deals for Chinese billet previously closed at below market levels during last week, possibly with some Chinese traders taking short positions or certain Chinese mills letting go of material amid an anticipated weak third quarter.
Offers from Chinese mills in Tangshan for 3sp 150mm square billet are prevailing at $490/tonne fob, trading sources say. Bookings for Chinese b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous