27
May
13:19
Philippine billet buyers take breather to digest stocks
Philippine billet buyers are shrugging off import offers, Kallanish notes. Buying interest is thin because of weak demand and high inventories.
In Manila, offers for electric arc furnace or blast furnace 5sp grade billet from the ASEAN region are prevailing at $665-670/tonne cfr compared to $675-680/t cfr a week prior. Traders were inviting bids for 130mm billet from an Indonesian blast furnace mill at $665/t cfr earlier last week compared to $670/t cfr Manil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous