More sales of steel billet imported to China booked at the end of last week from Asean-origin sellers came to light during the start of this week.
Cargoes from both Indonesia and Malaysia of 3sp blast furnace (BF) billet came were reported this week at $660 per tonne cfr China. Offers from Asean producers then rose to $670-675 per tonne cfr, but no new sales were heard at this level at the time of publication.
A tender for Indian BF billet was heard closed at $592.50 per tonne fob earlier this week, with a deal for 30,000 tonnes of Indian BF billet heard transacted at $645 per tonne cfr China to Jiangyin port.
Offers for Turkish billet were heard at $645 per tonne cfr China during the week,...