07
Jun
10:06
Russian billet sparks buying interest in Philippines
Fresh offers of Russian billet have sparked buying interest in Philippines. Rerollers are price sensitive and the offer price is pegged at below the market level for mainstream origins, Kallanish notes.
A certain Russian mill’s 5sp 125mm square billet was heard booked at the end of last week at $513/t cfr Manila. The mill typically exports 26,000t cargoes. The supplier was originally offering at $520/t to Manila. But buyers were able to negotiate lower, prob…
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Anonymous
Very good overview of the weekly steel market.
Anonymous