31
May
13:01
ASEAN billet market drags on listlessly
ASEAN billet continues to be lacklustre amid market price volatility in China. End-user buying is slow and reported deals are few in the region, Kallanish notes.
A booking of Indonesian 150mm 3sp billet for July shipment at $495/t fob last Wednesday appears to be the main recent regional deal widely heard in the market. Traders report hearing that the mill sold at least 30,000t on that day and part of it was taken up by an international trader to Thailand (see Ka…
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Anonymous
Very good overview of the weekly steel market.
Anonymous