13
Aug
10:42
Chinese, ASEAN billet markets descend quickly
The billet market is sinking in China and ASEAN, Kallanish notes. Ever-falling Chinese domestic billet prices are weighing heavily in the ASEAN market where regional producers are being forced to pare down prices to remain competitive.
Trading sources in China say that demand for billet is subdued due to a wide bid offer-spread caused by slumping steel futures. The spread was at $8-10/t on Tuesday with bids at $450/t cfr Ko Si Chang, Thailand, while offers are dow…
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Anonymous
Very good overview of the weekly steel market.
Anonymous