15
Aug
11:42
Chinese billet tumbles further, drags on ASEAN longs
The fallout in Chinese billet continues as steel futures continue to plummet, Kallanish notes. Weaker Chinese billet and long product prices are also depressing the import market for rebar and wire rod in ASEAN.
Offers heard for Chinese 3sp 150mm billet for October shipments are heard at $450/t cfr Malaysia and Indonesia around the middle of this week. This is a fall of around $10 from offers earlier this week.
A leading Indonesian mill’s offer price for 3sā¦
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous