20
Oct
03:05
Philippine billet market drifts sideways
The Philippines billet import market remained sluggish last week, Kallanish notes. Suppliers are keeping offers firm because of high raw material costs. On the other hand, buyers are facing poor domestic demand for finished steel amid a tightened credit environment.
Offers for open-origin Chinese/ASEAN blast furnace 5sp grade billet for December shipment were at $513/tonne cfr Manila last Tuesday. A Manila trader and an importer heard that a deal concluded for 10,…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous