22
Jul
12:41
Philippine billet market sinks further
The ASEAN billet import market continues to head south, Kallanish notes. Negative factors, including rising inflation and the prospect of an economic slowdown, coupled with short-selling by traders, continue to dent market sentiment.
Traders are still quoting open-origin short position offers for blast furnace 130mm 5sp billet from Malaysia and Indonesia at $530-535/tonne cfr Manila, up from $555-560/t cfr a week prior, a Singapore trader reports. Suppli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous