18
Nov
08:54
Offer prices inch up in ASEAN billet market
The Southeast Asian billet import market was quiet last week as suppliers sought to raise offer prices, Kallanish notes. Sellers are bullish on improved market sentiment in China, whereas importers are not convinced that any price uptick is sustainable.
Offers for 3sp grade 130/150mm billet are prevailing at $515-520/tonne cfr Manila and for 5sp grade billet at $520-525/t cfr. These are quotes from traders for open-origin billet from ASEAN and China, a Manila trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous