A state-owned domestic steelmaker had floated an export tender for spot sale of 60,000 t of steel blooms (BF-route, 150x150mm, 3SP/4SP grade). The tender was floated against 100% advance payment terms with the due date being 13 Jan’22. According to sources, the deal was concluded at $596-598/t on FOB basis. Rise in Chinese rebar futures and restocking ahead of the Lunar New Year holidays are supporting prices.
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