04
Nov
11:40
ASEAN billet market languishes on sluggish demand
The importing billet markets in Southeast Asia continue to be sluggish, Kallanish notes. Sliding offer prices have caused regional buyers to withdraw and delay placing orders.
Offers for 150mm 3sp grade billet are prevailing at $490-495/tonne cfr Manila and for 120/130mm 5sp at $500-505/t. These are traders’ offers for open-origin billet to be sourced from ASEAN or China. Induction furnace billet from Vietnamese mills is al…
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Anonymous
Very good overview of the weekly steel market.
Anonymous