China origin ERW pipe offer

Chinese Shanghai Jiayi Cold-formed Section Steel Factory has offered ASTM A500 standard, Grade B 1 x 1 x 0.12 inch – 2 x 6 x 0.18 inch ERW pipes for export at $575/mt FOB ST Shanghai on theoretical weight basis via at sight payment by letter of credit for early May shipment. The prices are determined assuming that China's export tax rebate policy will remain unchanged. If the policy does change, the additional costs will be shared equally between the buyer and seller.