Tag: China billet imports

In recent, China was reported to book 60,000 MT billets from Indonesia. The deal value was reported to be between USD 405-410/MT, CFR China and the shipment is scheduled for Apr’20. Looking at the current deal; assuming deal value to be USD 405/MT. (USD 405 x currency rate 6.9 x 1.02 import tax x 1.13…