07
Jul
11:21
Philippine billet market takes breather after deals
The Philippine billet market was stable during the week after several re-rollers took in Indonesian billet, Kallanish notes.
Offers for 5sp grade billet for open origins of ASEAN/China for August shipment are at $520-530/tonne cfr Manila, trading sources said on Friday. Three re-rollers booked 50,000 tonnes to Manila from a key Indonesian blast furnace mill during the last week of June at $500/t fob for 5sp grade basis. Two re-rollers booked 20,000t eac…
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Anonymous
Very good overview of the weekly steel market.
Anonymous