19
May
11:32
ASEAN billet buyers shun import offers
Importers in Southeast Asia are shunning billet while offer prices continue to slip, Kallanish notes. Weakness in the domestic construction sector, high interest rates, a credit crunch, and market uncertainties continue to weigh on regional buying activity.
Offers for 5sp billet for July shipment are prevailing at $525-530/tonne cfr Manila, Manila and regional traders said on Friday. These are from traders offering open or unspecified origins in ASEAN or China, an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous