29
Jul
12:39
Sellers hike Philippine billet offers on China optimism
The billet market softened in the Philippines in the past week, Kallanish notes. But the recent pick-up in China’s physical and futures steel markets in recent days has provided relief for sellers in a continuously falling market. Suppliers started to hike offer prices on Friday.
Offers for blast furnace/EAF billet from ASEAN rose on Friday to $540-545/tonne cfr Manila for 3sp grade. Offers for 5sp grade billet are tagged at around $5-10/t higher. Thai induc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous