26
Aug
12:13
ASEAN billet market drifts without direction
The Philippine billet import market continues to be lackluster, Kallanish notes. The market is lacking direction amid weak demand.
Offer prices for 5sp grade blast or electric arc furnace billet from the ASEAN region continue to prevail at $540-550/t cfr Manila. An importer sees offer prices up by $5/t.
“Mills are reportedly claiming some orders done for Manila but my suppliers think those are orders to cover short positions or even long positions,” a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous