27
Jun
11:01
Philippine billet market softens but may rebound
The billet market in the Philippines remains volatile, Kallanish notes. Offer prices fell at the start of the week but with the strong upturn in the Chinese steel market, suppliers are expected to hike offers once again.
Offers for 5sp grade 130mm/150mm square open-origin blast furnace billet for August shipment slipped to $525/tonne cfr Manila on Monday, from the $530-540/t cfr levels seen in the previous two weeks. No deals transpired though, traders say. &ldqu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous