06
Jan
12:00
Philippine billet buyers return to market during holiday
The Philippine billet import market has seen a pick-up in spot buying activity, Kallanish notes. This was surprising because it took place when Philippine buyers are usually on their year-end holiday. Billet suppliers are bullish because they anticipate a Chinese steel demand rebound amid Beijing's support measures to stimulate home demand.
Deals for regional-origin blast furnace 5sp billet for February shipment took place at around $565/t cfr d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous