26
Jul
15:34
ASEAN billet buckles under negative sentiment, absent demand
The ASEAN billet market is expected to continue to fall further because of severely weak finished steel demand, Kallanish notes. Buyers are still shunning offers because of overall negative sentiment.
Offers for Malaysian blast furnace 120/130mm 3sp grade billet are heard at $500-510/tonne fob and for 5sp grade billet at $520/t fob. Malaysian 3sp billet is currently available at $530-535/t cfr, a Singapore trader says. The market segment for induction furnace…
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Anonymous
Very good overview of the weekly steel market.
Anonymous