NOTE: There will be no news updates on June 14 due to China's Dragon Boat Festival.
UTC+8 ( BJT)

WEEKLY: China mills resume steel export offers

ABSTRACT

Chinese steel mills have gradually resumed offering for export, in the absence of a definite statement from the central government regarding possible cuts to steel export tax rebates. Nonetheless, savvy Chinese shippers are factoring in possible changes when providing offers or formulating contracts, market sources indicated on April 14.
“Some steelworks now seem to be more willing to provide offers, while still waiting and watching (for any rebate policy changes),” a steel trader based in Hong Kong noted. Since news of the possible changes broke last December, many Chinese steel associations and experts have speculated about the proposed cut, suggesting

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