China returns for more import steel billet cargoes at higher prices

Chinese consumers have re-entered the market for imported cargoes of steel billet over the week ended Friday February 19, following the country’s Lunar New Year holiday, closing deals at higher prices.

Sales to China of Indonesia-origin blast furnace (BF) 150mm billet started the week at $565 per tonne cfr, with prices rising progressively each day.

Transactions for 3sp Indonesian billet started at $560-565 per tonne cfr China and rose to $580-585 per tonne cfr by late on...

Published

Lee Allen

February 19, 2021

14:25 GMT

Singapore