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17 May

ASEAN billet importers resist price hikes

The ASEAN billet import market continues to be volatile in tandem with fluctuating price movements on the Shanghai Futures Exchange, Kallanish notes. Offer prices for 5sp billet on Friday were at $525/tonne cfr Manila for 150mm square billet and at slightly above $530/t cfr for 130mm billet. These are for open-origin blast furnace billet from ASEAN/China for July shipments, and are up by $5/t compared to the middle of the week. The price uptick is “keep…
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