Ex-China billet offers
A Chinese trader has offered Q235 grade 150 mm x 150 mm x 6,000-9,000 mm billets produced by Henan Province-based Anyang Iron and Steel Group for export at $480-485/mt FOB China Main Ports via at sight payment by letter of credit for end of April shipment. The offer price for these billets has increased $10-15/mt compared with last week. The potential risks caused by the expected export tax rebate policy change will be assumed equally by both the seller and the buyer.