12
Jul
11:41
ASEAN billet drifts on China price volatility
The billet market in ASEAN languished last week amid thin buying interest, Kallanish notes. Volatility in Chinese steel futures has cast price uncertainty over the market. The recent recovery is causing buyers to hold back, especially amid stagnant finished steel prices.
In Manila, open-origin offers for 3sp 150mm billet are prevailing at $495-500/tonne cfr. Offers for 5sp grade 130mm billet are at around $505-510/t cfr. For these open-origin offers for September …
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Anonymous
Very good overview of the weekly steel market.
Anonymous