25
Nov
10:36
Manila billet import market struggles amid buyer standoff
The Southeast Asian billet import market continued to be quiet last week as suppliers maintained their hiked offer prices, Kallanish notes. The outlook for construction steel in the region remains sluggish and re-rollers are staying on the sidelines.
Offers for 3sp grade 130/150mm billet are generally unchanged at $515-520/tonne cfr Manila and for 5sp grade billet at $520-525/t cfr. These are for regional billet, including from Indonesia.
However, there are …
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Anonymous
Very good overview of the weekly steel market.
Anonymous