11
Aug
13:21
Deadlock halts trade in Philippine billet market
The billet import market remains flat in the Philippines, Kallanish notes. The Chinese steel market slump continues to depress buying sentiment, while a gap between suppliers’ and buyers’ targeted prices is preventing trade.
Blast furnace 5sp grade billet of open-origin from a leading Indonesian producer or from China continues to be offered at $520-525/tonne cfr Manila, unchanged from end-July.
An offer for 10,000 tonnes of 5sp billet from the Indon…
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Anonymous
Very good overview of the weekly steel market.
Anonymous