Since China billet price rising, East Asia billet purchases slowed.

Recently, ore prices rose sharply, boosted by Chinese billet prices, quoted at $ 375 / tonne (CFR), while the buyer bid $ 360 / ton (CFR).

Chinese 130mm billet to the Philippines offer from $ 370-375 / ton (CFR) to $ 375-380 / ton (CFR) last week, while the price in the first half of April to $ 360-365 / ton (CFR). The offer of Chinese billet to China Taiwan rise to $ 370-375 / ton (CFR), no deal, and the earlier price is $ 350-355 / ton (CFR).

                                                                                                    XINSTEEL NEWS