05
Apr
10:44
Billet slumps below $500/t cfr Manila
Billet import offers have slipped over the past week in Manila, Kallanish notes. Despite an upturn early last week in China’s steel futures market, sluggishness set in mid-week.
Offers for 5sp 130/150mm blast furnace open-origin square billet from China for May/June shipment were $15/tonne lower week-on-week at $495-500/tonne cfr Manila last Friday, market sources say. Manila buyers are targeting to book at $490/t cfr, a regional trader says. “It was a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous