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21 Feb

ASEAN billet, HRC markets lift on Chinese bullishness

The surge in China’s steel futures has spurred regional import prices higher in Southeast Asia, Kallanish notes. Exporters of billet and hot rolled coil to the region are bullish and continue to hike prices. Traders are offering 5sp billet from ASEAN, China and the Middle East at $615-630/tonne cfr Manila, compared to $615-620/t cfr last Friday. A deal for 10,000t of 5sp grade billet from Qatar was heard booked at $610/t cfr either last Friday or Monday this…
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