22
Dec
10:54
ASEAN billet market pauses for year-end holiday
The Manila billet market has quietened down as market participants left the market to take their Christmas and year-end holiday. However, offers spiked on Friday just before the market closed despite non-existent buying interest.
Most offers for 5sp 130mm blast furnace billet from ASEAN/China for February shipments have risen to above $540/tonne cfr, Philippine trading sources say. “Some are even approaching $550/t cfr although a couple of position cargoes w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous