06
Apr
12:50
ASEAN billet prices flop, imported rebar soft
Billet export offers are falling in Southeast Asia, Kallanish notes. The market is quiet amid holidays in certain regional markets.
An Indonesian blast furnace mill lowered its 5sp grade 130mm/150mm billet export price for May/June shipments to $560-565/tonne fob on Thursday. This offer price gives a "very bad sign to the entire market”, a Manila trader says. Freight is estimated at around $15-20/t to Manila. The mill's offers were $10-20/t hig…
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Anonymous
Very good overview of the weekly steel market.
Anonymous