Chinese HR strip offer for SE Asia

A Chinese trader has offered 2,000 metric tons of Q235 grade 5.5 mm-12.0 mm x 685 mm/735 mm/720 mm size hot rolled strip to Southeast Asia at $420/mt FOB Tianjin on actual weight basis via at sight payment by letter of credit for February/March shipment, SteelOrbis learned on January 25. The quotation of hot rolled strip remained stable last week. According to some rumors, China's export rebate might be decreased. These rumors cite the veiled threats of several European steel manufacturers to apply anti-dumping measures against HR and HR Plate and Wire Rod from China. Obviously, the export rebate could be decreased with a view to suppressing any question of anti-dumping measures.