01
Dec
13:20
Manila billet market softens
The Manila billet market is soft but firm raw materials and a rebound in Chinese steel futures could provide support for the market, Kallanish notes.
Offers for open-origin Chinese/ASEAN blast furnace 5sp 150mm grade billet for January shipment dipped to $530-535/tonne from $535-540/tonne cfr on Wednesday. Offer prices were at $540-550/t cfr on 24 November.
Direct offers from the ASEAN blast furnace mills, including an Indonesian mill, were at $515/t fob. Freight…
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Anonymous
Very good overview of the weekly steel market.
Anonymous