Chinese billet booking

SteelOrbis learnt that a trader in Tangshan province of China has sold billets for export at $333-335/mt FOB on actual weight basis recently. Driven by the increase in semis prices both at home and abroad, Chinese semis offers for export went up by $10-15/mt compared to that before holidays. Most inquiries are from foreign countries, and the business activity is brisk. Traders predict that prices may keep going up.