26
Jul
13:35
ASEAN billet market decline pauses on China rebound
Billet import prices appear to have stabilised in ASEAN amid the rebound in Chinese futures markets. Prices had been rapidly falling in the two weeks prior to last Thursday’s recovery, Kallanish notes.
Offers for open-origin 3sp 150mm billet were at around $480/tonne cfr Manila last Friday, unchanged from earlier last week and down $10/t compared to the previous Friday. The premium for 5sp grade is around $5/t.
A leading Indonesian mill sold 3sp 150mm base …
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Anonymous
Very good overview of the weekly steel market.
Anonymous