17
Feb
10:12
ASEAN billet firms after position cargoes sell out
Billet import prices in Southeast Asia have quickly bounced back in tandem with the Chinese steel futures recovery, Kallanish notes. Prices appear set to remain firm this week.
Further import bookings of blast furnace billet were heard concluded early last week at below $600/tonne cfr Manila. One Manila buyer hears open-origin ASEAN/Chinese 3sp/5sp 150mm billet was booked at $590-595/t cfr.
Market chatter of a parcel of Chinese 3sp grade billet tr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous