28
Apr
10:41
ASEAN billet market enters lull on Chinese holiday
The billet import market in Manila was quiet last week despite traders slashing offer prices at the start of the week in a bid to garner trades, Kallanish notes. The long holiday in China could be the main reason for the market lull, trading sources said on Friday.
Offers for 5sp 130/150mm billet from China and ASEAN for June/July shipment were prevailing at $530-540/tonne cfr Manila on Thursday. These are similar to offers at the start of the week after the plung…
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Anonymous
Very good overview of the weekly steel market.
Anonymous