01
Sep
10:42
Billet import market on the rise in ASEAN
Billet offer prices are on the rise again in the Philippines, Kallanish notes. Suppliers are hiking offers on the back of the rebound on the SHFE. The Chinese steel futures rose on Beijing’s announced measures to stimulate the flagging Chinese property sector on 31 August.
Offers for 5sp grade billet of open origin for October/November shipment are mostly at $510-515/t cfr Manila, local market sources say on Friday But exporting mills including a leadin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous