18
Jul
13:16
ASEAN billet slides alongside Chinese prices
Billet export prices are sliding in ASEAN, Kallanish notes. ASEAN mills are cutting prices to remain competitive with Chinese rivals.
Recent deals by Chinese traders were concluded at below last week's deal prices of $480/tonne fob for 3sp 150mm base grade ASEAN billet. A 40,000-tonne cargo from a leading Vietnamese mill was sold at $472/t fob on Wednesday, and 10,000t of billet from a large Indonesian mill was booked at $475/t fob. These cargoes are dest…
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Anonymous
Very good overview of the weekly steel market.
Anonymous