08
Feb
14:10
ASEAN billet market slips before Lunar New Year
The ASEAN billet import market softened further last week, Kallanish notes. The market weakness partly stems from soft demand in China as regional market participants leave the market for the Lunar New Year holidays.
Offers for 5sp 130mm or 150mm square blast furnace open-origin billet from ASEAN/China for March/April shipment were under $550/tonne cfr Manila, a drop of $5/t on-week, importing and trading sources say. There are offers at $542/t cfr Manila for mid-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous