17
Oct
11:08
China soaks up regional billet and slab imports
China’s large appetite for imported semis continues to affect regional markets, Kallanish notes.
Buying of Indian billet in China has caused a slight uptick in the Manila billet market. Indian billet deals struck at $400/tonne cfr China last week. Traders in Manila report that Indian billet suppliers hiked offers to $405/t cfr because of the Chinese buying. Indian billet offers were previously at $395/t cfr Manila earlier last…
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Anonymous
Very good overview of the weekly steel market.
Anonymous