21
Jan
09:40
Asian billet prices rise on China, Taiwan demand
Suppliers are focusing on China and Taiwan for their export sales, Kallanish notes. Southeast Asian importers have been trailing behind because of sluggish rebar demand in home markets.
An Indonesian blast furnace mill continues to be active in regional export markets with offers for 150mm 3sp billet last week at $645/tonne cfr in Taiwan and China. Offers were at $645/t cfr Jakarta on 19 January but should be higher today, an Indonesian mill manager…
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Anonymous
Very good overview of the weekly steel market.
Anonymous