Chinese mills have reportedly sold around 50,000 t of steel billets to SE Asia and East Asian countries in the past one week. A deal for 20,000 t of billets (150x150mm) were heard to have been concluded at around $780/t FOB, sources informed SteelMint. Chinese mills have turned active in billets exports since mid-March due to recent hikes in overseas billets prices driven by reduced supply due to sanctions on Russia.
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