Middle East: Steel mills conclude billet export deals to China at over $700 CFR levels

China’s buying interest for imported billets has continued to remain strong amidst increasing re-bar futures prices.

• A Qatar-based mill sold 45,000 t of steel billets (3SP grade) at around $710-712/t CFR.
• A UAE-based mill sold 25,000 t of billets at $645/t FoB recently.
• A deal from another Middle Eastern mill was heard concluded at $715/t CFR.