07
Feb
09:08
Chinese weakness, position cargoes depress ASEAN billet market
The billet import market in Southeast Asia is softening amid weaker sentiment in China and availability of traders’ positions, Kallanish notes. Regional participants note that exporters are once again offering billet from China in the market.
Traders’ position cargoes started appearing in the regional market late last week. Last Friday, an offer for Indonesian 150mm 3sp grade billet was at $605/tonne cfr Malaysia. Offers for similar grade/size bil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous