Wily Chinese suppliers have switched to exporting chromium-added billet into Southeast Asia in order toenjoy the export rebate on alloy steel after this was removed for boron-added billet effective January 1.“As of now, there is no impact on the market,” a Singapore trader said. He had heard Cr-added billetoffers at $410/mt CFR Taiwan. Chinese billet is still being exported as 'square bar' to dodge Beijing's 25%duty on billet exports, Platts was told.
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