28
Oct
13:11
Chinese billet spooks ASEAN market
Low-priced Chinese billet continued to be a talking point last week in Southeast Asia, Kallanish notes. Market sentiment is soft amid fears the market will continue to slip.
An offer for 150mm 3sp grade blast furnace Chinese billet for December shipment was quoted at $500/tonne cfr Manila. The supplier of that offer, which names five Chinese mill origins, is also inviting bids at $495/t cfr. The same cargo – 10,000 tonnes is stated – is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous