Chinese traders book big billet lots from SE Asia

摘要

Chinese import of billet gathered momentum this week with huge tonnage booked in Southeast Asia. Rising domestic prices will leave more space for further expand? ing of semis infow to the country.Around 100,000 t of billet was purchased by Chinese traders from Malaysian Alli? ance Steel and Vietnamese steelmaker this week. deal prices were in a range of $410?415/t CFR, according to one of importers. The last contract was signed on Wednesday with “prompt shipment,” a market source familiar with the case told Metal Expert.