24
May
12:26
ASEAN billet prices rise on traders' buying
ASEAN billet prices are rising due to traders' buying. However, end-user demand in the region remains sluggish, Kallanish notes.
Bookings in the past week for regional blast furnace billet for July shipment took place at $495-498/tonne fob. Indonesian 3sp grade 150mm billet on 21 May was ordered at $498/t fob (see Kallanish passim). This included a 20,000t cargo booked to cover a spot contract to the Philippines. The Chinese trader, like some others, was…
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Anonymous
Very good overview of the weekly steel market.
Anonymous