Chinese buyers resumed imports of steel billet over the past week, underpinned by strong long steel demand in the domestic market, sources said on Friday April 23.
Chinese exporters raised their long steel offers over the past fortnight amid worries that the country's export rebate of 13% on such materials will be removed, with prices jumping to hit the highest levels since October 2008.A deal for 150mm 3sp blast furnace (BF) steel billet from Indonesia was heard concluded at $660...