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08 Mar
09:47

ASEAN billet market stagnates

The billet import market in ASEAN remains soft, Kallanish notes. Despite a drop in offer prices, buying interest has stayed weak. The sluggish rebar market in the Philippines and most other parts of the region is the main reason. Offers for 5sp 130mm blast furnace open-origin square billet from ASEAN/China for May shipment were at around $535/tonne cfr Manila, down $5/t from the week before, importing and trading sources said on Friday. 5sp 150mm billet is offered…
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