13
Oct
12:31
Philippine billet market moves sideways, Russian material booked
The ASEAN billet import market remained quiet last week, Kallanish notes. A price stand-off continues between buyers who are facing weak finished steel demand and supplying mills which face higher steel production costs.
Offers for 5sp 130mm billet are generally prevailing at $520/tonne cfr Manila, according to market sources in Manila. One buyer says Indonesian 5sp 130mm blast furnace billet is offered at $515/t cf Manila but others are unaware of this offer.
T…
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Anonymous
Very good overview of the weekly steel market.
Anonymous