05
May
14:52
Manila billet market stabilises but remains weak
The billet import market in Manila remained weak on Friday, Kallanish notes. Traders are still short-selling in the market but their offers appear to be generally similar or slightly higher than just before the Labour Day holiday.
Apart from a very low offer for induction furnace billet, the market is seeing some support and prices have not fallen as sharply as in the week prior to the holiday.
The short-selling traders are offering 3sp/5sp billet at $535-540/ton…
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Anonymous
Very good overview of the weekly steel market.
Anonymous