24
Nov
08:21
ASEAN billet offers rise ahead of bids
Exporters of billet are keeping offer prices firm in ASEAN, Kallanish notes. Buying activities are slow because regional demand for finished steel remains weak.
Offers for open-origin Chinese/ASEAN blast furnace 5sp grade billet for January shipment are at $540-550/tonne cfr Manila, up from the previous week’s $540/t cfr, local trading sources say. Buyers are slow to follow the recent price uptick in the market, which is being led by Chinese domestic steel m…
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Anonymous
Very good overview of the weekly steel market.
Anonymous