22
May
05:18
Indonesian billet prices rise on Chinese traders' buying
A pick-up in trading activity for Indonesian billet has caused prices to rise after some weeks of sluggishness, Kallanish notes. The rising SHFE steel futures since last Thursday could be behind the traders' return.
A Chinese trader booked 20,000 tonnes of 3sp grade 150mm square Indonesian blast furnace billet for July shipment concluded on 21 May at $498/t fob. It was bought to cover a short position, trading sources say. The Chinese trader had previously clo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous