Author: BigMint Technologies Pvt Ltd

Chinese billet export offers have gone up this week amid ongoing probe by Chinese government on re-bates availed by exporters on billets. Chinese companies generally declare billet as square bar in order to avoid export duty on semi-finished carbon steel products and to claim an export tax rebate on alloy products. Current offers for Q235, 150*150 mm billet are assessed at USD 295-305/MT, FoB Chinese…