Ex-China billet offer to Taiwan

SteelOrbis has learned that the Chinese Dalian Dongzhan Group's 150 mm x 150 mm Q235 grade billet export offer price on November 14, 2006, for 2,000-10,000 metric tons is $425/mt CFR Taiwan for December shipment via at sight payment by letter of credit. Since China announced its new export tariff for billet (10 percent) on October 27, 2006, many billet exporters have been trying to determine new export prices. However, the number of actual deals is low. Meanwhile the price in the domestic market gained stability recently with the improvement in trading activity.