29
Dec
11:43
ASEAN billet market halts for holiday
The Manila billet market was inactive last week because market players were away for the Christmas and New Year holiday. However, offers remained firm and unchanged from before the Christmas weekend.
Back-to-back offers for 5sp 130mm blast furnace billet from ASEAN/China for February/March shipments are prevailing at around $550/tonne cfr, Philippine trading sources say. “The market has been quiet. Customers are mostly on holiday mode,” a Manila trader…
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Anonymous
Very good overview of the weekly steel market.
Anonymous