{"id":1649,"date":"2017-10-06T14:34:34","date_gmt":"2017-10-06T14:34:34","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1649"},"modified":"2017-10-06T14:55:47","modified_gmt":"2017-10-06T14:55:47","slug":"global-billet-prices-fall-people-wait-for-chinas-come-back","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/global-billet-prices-fall-people-wait-for-chinas-come-back\/","title":{"rendered":"Global Billet Prices Fall; People Wait for China’s Come Back"},"content":{"rendered":"

Global billet prices have observed a correction since Chinese markets are closed for golden week holidays (1 -8th Oct). Not many trades have been reported as people wait for China to re-open for a de\ufb01nitive direction. Before Chinese market went on for a week long holiday steel prices observed some correction making buyers resistant.<\/p>\n

1. SE Asia: Billet offers to SE Asian countries have dropped to USD 530-535\/MT CFR which was assessed at USD 540-545\/MT CFR in third week of September. Export offers from Vietnam mills were heard at around USD 515-520\/MT FOB<\/p>\n

2. India: Two billet tenders \ufb02oated by government owned mills were cancelled owing to lower bids. One received bids at USD 475-480\/MT FOB levels and another at USD 470\/MT FOB India. Indian suppliers are waiting for Chinese markets to open for some direction.<\/p>\n

A private mill was heard to have offered square billet at around USD 490-500\/MT FOB India, but deal has not been concluded yet.<\/p>\n

Another induction grade billet manufacturer heard to have sold small parcels to Africa at around USD 480\/MT FOB India west coast.<\/p>\n

3. CIS Region: Billet offers from Russian and Ukrainian mills have dropped to around USD 490-500\/MT FOB Black sea. but sellers are reluctant to sell below these levels as most of the billets are made through EAF.<\/p>\n

4. Egypt based importers reported offers from CIS region at around USD 510\/MT CFR, but no deals were reported.<\/p>\n

5. Chinese domestic billet prices were recorded at RMB 3,540\/MT (USD 533) ex- Tangshan, incld VAT of17%l where as export offers were assessed at USD 515-520\/MT FOB<\/p>\n

6. Indian domestic billet prices are at INR 26,200\/MT (USD 403) ex-Mumbai, excluding GST of 18%.<\/p>\n

\"10\"<\/p>\n

Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Global billet prices have observed a correction since Chinese markets are closed for golden week holidays (1 -8th Oct). Not many trades have been reported as people wait for China to re-open for a de\ufb01nitive direction. Before Chinese market went on for a week long holiday steel prices observed some correction making buyers resistant. 1. […]<\/p>\n","protected":false},"author":1,"featured_media":1655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[48,50,46,53,65,62,45,47],"acf":[],"yoast_head":"\nGlobal Billet Prices Fall; People Wait for China's Come Back - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/global-billet-prices-fall-people-wait-for-chinas-come-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Billet Prices Fall; People Wait for China's Come Back - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Global billet prices have observed a correction since Chinese markets are closed for golden week holidays (1 -8th Oct). 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