Chinese H-beam for Indonesia

SteelOrbis has learned that a trader in Shanghai is preparing a cargo of 500 to 1,000 metric tons of H-beam for export to Indonesia. The price has been indicated as $445/mt CFR Jakarta for shipment before December 10, 2006, via at sight payment by letter of credit. Recently, some traders in Shanghai have been trying to collect materials from the spot market in order to export to Southeast Asia.