29
Mar
09:54
Philippines billet buyers stay away while SHFE plunges
The billet import market in ASEAN slowed down last week, Kallanish notes. The fast-declining Chinese steel futures and the long Easter holiday in the Philippines caused buyers to stay away.
Offers for 5sp 130/150mm blast furnace open-origin square billet from China for May/June shipment were heard last week at around $510-515/tonne cfr Manila, market sources say. This is $5/t lower than the week through 22 March. Induction furnace billet from Vietnam is also offe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous