01
Mar
12:09
ASEAN billet softens despite China export restriction rumours
The billet import market in ASEAN is weakening, Kallanish notes. It has turned bearish because of weakness in the Chinese steel market. Rumours are swirling, including whether a transaction has taken place or whether China is planning to restrict the export of semi-finished steel, including billet.
Offers for 5sp 130mm square blast furnace open-origin billet from ASEAN/China for April/May shipment were at around $540/tonne cfr Manila, unchanged from the week befor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous