08
Dec
09:36
ASEAN billet market heats up on Chinese uptick
The Manila billet market continues to fluctuate. Offer prices have risen after some softening during the week through 1 December. This is in tandem with the surge in Chinese steel futures in recent days, Kallanish notes. Scrap values have also been rising.
Offers for open-origin Chinese/ASEAN blast furnace 5sp 150mm grade billet rose to around $540/tonne cfr Manila last Thursday, with counter bids mostly at $525/t cfr. Some report hearing but are unable to confirm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous