28
Jul
10:29
ASEAN billet exporters target higher prices
Suppliers are hiking export offers of billet to ASEAN, Kallanish notes. They are banking on the improving Chinese steel market to drive up regional steel prices.
ASEAN blast furnace 5sp grade billet offers were heard at $520-525/tonne cfr Manila earlier in the week, up around $5/t from offers at $515-520/t cfr during the end of the 19 July week.
A Malaysian blast furnace mill’s offer for 5sp billet is heard at $530/t cfr on Friday, Philippine trading …
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Anonymous
Very good overview of the weekly steel market.
Anonymous