19
Jul
12:04
ASEAN billet market slips under $500
Billet prices are eroding in ASEAN, Kallanish notes. Market bearishness is affecting buying interest among importers, in addition to poor rebar markets in the region.
Chinese billet seems to have triggered ASEAN billet prices to come down. Chinese 3sp 150mm base grade billet is being offered at $485/tonne cfr Thailand. “Even if I offer at this level, customers still want to wait and see. They are afraid the price may fall further,” a Bangkok trader sa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous