Asian mills are cautious over the recent spike in steel exports from China to the region as the coronavirus outbreak has dampened the domestic Chinese demand, regional mill and trading sources told S&P Global Platts. “The pie is limited, and it does not help if there are more mouths to feed,” a South Korean trader said, “Even if this is just for a short term, it is still damaging to the market as it comes at a time when steel demand in already in the ditch.” Particularly some 160,000 mt of deals for bars were heard sold to Singapore, Hong Kong, and South Korea within the past 10 days. In comparison, China only exported 30,000 mt of bars in January. Chinese billet too were heard actively offered this week into Southeast Asia, competitively priced at […]