10
Nov
01:44
Billet producers hike offers in ASEAN despite resistance
The Philippine billet import market remains stagnant, Kallanish notes. While ASEAN mills have largely raised export offer prices sharply, buyers are slow to accept higher prices.
Offers for open-origin Chinese/ASEAN blast furnace 5sp grade billet for mostly January shipment are at $523-525/tonne cfr Manila, up from the previous week’s $520/t cfr, local trading sources say. One trader reports hearing of a 20,000-tonne cargo of Malaysian 5sp 120mm billet…
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Anonymous
Very good overview of the weekly steel market.
Anonymous