SteelOrbis has heard that Brazilian mills are offering billets to the Far East for late February shipments at the price level of $680/mt CFR on actual weight basis.
It is heard that some Brazilian mills have been giving offers to the Far East market due to the increase in billet demand in the region in question. In addition, it is heard that some sales from Brazil to the Far East were concluded before Christmas at the price level of $660/mt CFR.