November 20, 2008

Chinese billet export prices remain slow

It is reported that billet exports from China have become slow since early this month and export prices have also seen evident drop on account of less overseas demand.

On Tangshan market, Q235 150mm billet remains at CNY 5380 per tonne, 20MnSi grade products at CNY 5530 per tonne flat with last week. Prices are expected to keep fluctuating for weeks before another round of increase.

Export offers for Q235 billet are about USD 1080 per tonne FOB and there is an extra of USD 10 per tonne to USD 15 per tonne for 20MnSi grade product. There has been a decrease of USD 30 per tonne to USD 40 per tonne from USD 1120 per tonne to USD 1125 per tonne FOB in end June and early July.

(Sourced from MySteel.net)