Steel billet exporters are finding resistance in making sales to the Chinese market at higher prices over recent days following another barrage of bookings at the start of the week, market participants told Fastmarkets on Friday September 17.
Several hundred thousand tonnes of imported billet were heard sold to China through the weekend and into the beginning of the week before activity paused on Tuesday, sources said.A deal for Turkey-origin electric arc furnace (EAF) billet was rumored to have been done at $620 per tonne fob Turkey or $710-715 per tonne...