03
Mar
11:05
Philippine buyers rekindle interest for induction furnace billet
Philippine re-rollers are turning to induction furnace billet as a cheaper alternative compared to blast furnace and EAF billet, Kallanish notes.
A 10,000-tonne cargo of 130mm square minimum 0.65% Mn 5sp grade Vietnamese-origin induction furnace billet was booked in the past week at $620/tonne cfr Manila. The April-shipment cargo was ordered either on 28 February or 1 March, Philippine trading sources say.
A Chinese trader is heard to have recently sold Vie…
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Anonymous
Very good overview of the weekly steel market.
Anonymous