Chinese buying activity was minimal on Monday and Tuesday
amid the closure of ferrous futures markets during the Mid-Autumn Festival holiday, but fresh deals were concluded later in the week at prices largely comparable with last week, prior to the holiday.
Deals for 30,000 tonnes of Indonesia-origin 3sp 150mm blast furnace (BF) billet were heard booked at $710-715 per tonne cfr China for November shipment in the middle of the week, sources said.
More deals for such material could have been concluded, but a tug-of-war took place between a buyer and seller on Thursday over a deal on which the seller held firm at $715 per tonne cfr, Fastmarkets heard.
A Vietnamese steelmaker source told Fastmarkets that he had...