27
Oct
10:45
Philippine billet remains stable on sluggish demand
The Philippines billet import market remained inactive last week, Kallanish notes. Suppliers are seeking small price hikes in view of the improved performance of the Chinese steel futures market.
Offers for open-origin Chinese/ASEAN blast furnace 5sp grade billet for December shipment are at $515-520/tonne cfr Manila. A Manila source saw offers at $510/t cfr, which were subject to confirmation, but now they have “disappeared”, the source says. The supp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous