23
Dec
08:14
Billet prices jump higher in ASEAN
The billet import market in the Philippines has risen further, Kallanish notes. Suppliers and mills are continuously increasing prices because they are bullish and expect strong demand after the Lunar New Year.
A 10,000-tonne cargo of Indonesian 130mm 5sp blast furnace billet concluded at $563/tonne cfr Manila on 22 December, trading sources report. A trader was releasing his long-position cargo, a Singapore trader says on the deal. A 5,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous