19
Aug
09:35
Philippine billet import market sees little activity
The Philippine billet import market remains weak, Kallanish notes. The recent price corrections in China’s steel futures markets have created expectations that regional billet prices may come down.
Offers for EAF/blast furnace billet imports were at around the same levels on-week, at $540-550/tonne cfr Manila, say importing sources in Manila. Induction furnace billet from Thailand remains firm at $535-540/t cfr, on the strength of the Thai domestic scrap mar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous