Cold drawn bar import from Canada

SteelOrbis learnt that Shanghai Baosteel subsidiaries in China booked 150 mts of 0.691” ASTM A108-03 and 120 mts of 0.693” ASTM A108-03 cold drawn steel bars ex-Canada in the end of April. The price for both bookings was at $1,068/mt EXW for T/T payment level. Chinese auto-parts makers import such materials to produce components and spare parts for automobiles. In China, only Baosteel can currently produce this kind of steel, but with small output.