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29 Jun
15:54

Billet market slips in ASEAN

The Philippine billet market has softened, Kallanish notes. Billet from a key regional exporting mill fell on Thursday. A leading re-roller ordered 20,000-30,000 tonnes of 5sp grade billet for end-July/August shipment from a key Indonesian exporting mill at $520/tonne cfr Manila, importing and Chinese trading sources say. An importer in Manila says he has seen the offer and heard of the deal to the leading re-roller. He adds there are buyers aiming to book at $51…
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