04
Apr
16:24
Indonesian mill cuts billet prices in weak market
A leading Indonesian mill’s export price reduction for billet has increased its competitiveness against Chinese-origin billet, Kallanish understands.
The mill reduced its official offer price for 3sp grade 150mm square billet for May shipment to $480/tonne fob on Wednesday, trading sources report. It is heard to have sold 3sp billet cargoes at $480/t fob and $482/t fob on Tuesday night, which was below its target export price of $485/t fob. But traders…
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Anonymous
Very good overview of the weekly steel market.
Anonymous