19
Mar
09:32
ASEAN semis prices find support on SHFE rebound
The rebound in China’s steel futures this week has provided some support for semis prices in Southeast Asia, Kallanish hears from market participants. Mills are no longer expected to be aggressive in reducing prices further. However, demand in home markets remains weak.
A leading Indonesian mill sold 40,000 tonnes of 3sp grade 150mm billet at $490/t fob on 18 March. A trading house booked half of the April/May shipment cargo for Latin America, Africa and the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous