China origin I-beam offer to Middle East

A Chinese trader is offering 6,000 metric tons of IPN grade I-beam to the Middle East at $460-470/mt FOB on actual weight basis via at sight payment by letter of credit for end of February shipment. The buyer urgently needs the products and is ready to place the order, whereas the seller is still not planning to confirm the order due to an L/C-related problem. Some traders in China regard the Middle East as a prospective market and are willing to export there.