30
May
12:58
ASEAN billet moves sideways
Traders secured billet when an Indonesian mill lowered prices on Wednesday, Kallanish understands. While the mill has since raised its export prices, the mill’s price cut reflects a fundamentally weak market.
The Indonesian mill sold 150mm 3sp billet for July shipment at $495/t fob on Wednesday. This included a booking by an international trader for 20,000t to a Thai EAF mill. Before Wednesday, the Indonesian mill was seen offering billet at $500/t fob and s…
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Anonymous
Very good overview of the weekly steel market.
Anonymous