23
Jul
08:43
ASEAN billet slips further amid slumping futures
Billet import prices continue to erode in ASEAN amid the slide in China's futures markets. Buyers are starting to show caution because there are no signs of price stability, Kallanish notes.
Traders are quoting open-origin 3sp 150mm billet at around $480/tonne cfr Manila, down $10/t compared to last Friday. The premium for 5sp grade is around $5/t. Meanwhile, China-origin billet was being offered at as low as $480/t cfr Indonesia on Tuesday, say trad…
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Anonymous
Very good overview of the weekly steel market.
Anonymous