25
Mar
10:05
ASEAN shuns billet imports, sees China-diverted billet
Rerollers in Southeast Asia are shying away from the billet import market, Kallanish notes. Regional rebar markets are not strong enough to support current import offer prices. The region is starting to see diverted prompt billet cargoes which were originally destined for China.
In Manila, 20,000t of Malaysian 120mm blast furnace May-shipment billet is offered from a trader at $840/t cfr on Friday. The trader is heard to have booked the parcel at $780-79…
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Anonymous
Very good overview of the weekly steel market.
Anonymous