Ex-China billet demand revives in Vietnam

Thursday, 22 November 2007 11:55:45 (GMT+3)   |  
       

The demand for Chinese billet offers at $610-620/mt FOB China is rebounding in Vietnam due to the rumors that the export tariffs for semi-finished steel will be hiked sharply as of January 1, 2008. Besides, with the recovery in the Middle East market, ex-CIS offers increased to $520/mt FOB Black Sea and lost their price advantage against Chinese products in Southeast Asia.

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