19
Jul
14:19
Low-priced scrap weighs on Thai longs markets
The Thai domestic long products market is falling, Kallanish understands. Prices for billet and rebar are expected to decline further as domestic scrap prices are on the downtrend.
Leading domestic Thai electric arc and induction furnace mill operators are currently buying Busheling grade scrap at THB 11,700-12,400/tonne ($320-339/t).
The conversion cost has likely gone up by THB 1,000/t to THB 5,000/t because of higher energy costs, which would place domes…
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Anonymous
Very good overview of the weekly steel market.
Anonymous