08
Aug
10:14
Chinese, ASEAN billet spiral downwards, ASEAN rebar holds
Chinese and ASEAN billet prices are sinking to recent lows in tandem with the Chinese domestic steel market, Kallanish notes. Amid a fluctuating and bearish Chinese market, the rebar import market in Singapore continues to be quiet as buyers look for market stability.
A recent booking by Chinese traders for Chinese 3sp 150mm billet from eastern China closed on Thursday at $448/tonne fob, Chinese trading sources confirm. An offer for same grade and size billet from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous