25
Aug
12:40
Billet market languishes in the Philippines
The billet import market remains muted in the Philippines, Kallanish notes. Certain bullish suppliers were trying to hike offers as recently as Thursday on the back of a rising SHFE market in China. Despite a downward price correction on the SHFE after Thursday afternoon, offers prices are unmoved.
Offer prices for 5sp grade billet of various origins for October shipment remain at $515-520/tonne cfr Manila, which is the about the same level as in recent wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous