10
May
14:53
ASEAN billet buyers resist higher offers
The ASEAN billet import market continues to be stagnant, with trading activity very thin, Kallanish notes.
In Manila, billet users are bidding at below offer levels and deals are hard to come by. Offers for 5sp 150mm square blast furnace open-origin billet from ASEAN/China for end-June/July shipment are prevailing at $520-525/tonne cfr.
Offers for 130mm billet are priced around $6-8/t higher. Manila rerollers are bidding at under $525/t cfr for 5sp 130mm bi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous