23
Feb
08:30
Billet weakens in ASEAN, more China-origin imports possible
The billet import market in ASEAN is bearish on the slump in Chinese steel futures, Kallanish notes. Offer prices have come down but buyers are preferring to delay their purchases.
Offers for 5sp 130mm square blast furnace open-origin billet from ASEAN/China for April shipment were at $540/tonne cfr Manila. Offers for the same grade but larger, 150mm billet are at just under $540/t.
“I believe that these offers are negotiable if one bids,” a buyer say…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous