Affected by Chinese billet export tax rebate policy uncertainty and ore prices continued downturn, East Asia’s billet import market remains weak. Currently the offer is very few on the market for the delivery time in January or February next year.

Allegedly, the price of Chinese 150mmQ235 billet to Thailand quoted at USD245 / tonne (CFR), 130mmQ235 billet delivery at the end of Jan quoted at USD252 / ton (CFR). Chinese 120 / 130mmQ235 billet to the Philippines quoted steady at USD250 / ton (CFR), 150mmQ235 billet to Vietnam quoted at USD245 / tonne (CFR), no deal heard.

                                        XINSTEEL NEWS