09
Jun
10:27
ASEAN billet importers shun higher offer prices
Billet export prices remain firm in ASEAN despite the lack of buying interest among regional end-users, Kallanish notes. Weak finished steel demand prevents rerollers from taking an aggressive buying stance.
Offers for 5sp grade 130mm/150mm square blast furnace billet for shipment in July/August remain at $530-540/tonne cfr Manila on Friday, unchanged from the start of the same week of 9 June. These are for Chinese and multiple ASEAN origins. Offers were at $510-5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous