02
Feb
12:20
ASEAN billet market falters on weaker demand
The ASEAN billet import market weakened last week, Kallanish notes. Market sentiment has softened on slower demand ahead of the Lunar New Year. However, the drop in offer prices has not enticed regional end users.
Offers for 5sp 130mm or 150mm square blast furnace open-origin billet from ASEAN/China for March/April shipment have fallen to around $550/tonne cfr Manila, down by $10/t from the week before, importing and trading sources say. But some heard of lower of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous