14
Jun
10:51
Chinese billet regains competitiveness in ASEAN
Rerollers in ASEAN are seeing low-priced Chinese billet offers again. Traders have likely taken positions for billet in order to capitalise on lower Chinese steel prices after Shanghai steel futures plunged by over 1.5% on the first day after last week’s Chinese holiday on 10 June, Kallanish understands.
A leading reroller in the Philippines is heard to have ordered on 13 June 30,000 tonnes of 5sp-modified 150mm billet from China at $505/tonne cfr, through a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous