01
Jul
10:15
ASEAN billet market stabilises after reaching lows
The ASEAN billet import market appears to have stabilised at the end of last week, Kallanish notes. In fact, suppliers are trying to drive up prices in recent days amid the rebound in scrap.
Offers for electric arc and blast furnace billet from ASEAN mills are prevailing at around $585/tonne cfr Manila, Philippine importing sources say. A Malaysian mill offered 130mm 3sp/5sp blast furnace billet for July/August shipment at $585/t cfr around Wednesday.
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Anonymous
Very good overview of the weekly steel market.
Anonymous