16
Mar
15:06
Chinese-origin billet export trading resumes in ASEAN
Suppliers of Chinese-origin billet returned to the ASEAN market in recent days because of the weak domestic market in China, Kallanish notes.
A 20,000-tonne cargo of 150mm 5sp grade billet was heard booked on Wednesday at $810/tonne cfr Manila, trading sources in the Philippines report.
The drive to export is due to the widespread Covid-19 lockdowns now taking place in China. “The Chinese domestic business is very bad so they need the money,&rdq…
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Anonymous
Very good overview of the weekly steel market.
Anonymous