10
Mar
07:54
Philippine billet buyers resist higher prices
Offers for imported billet in the Philippines were still high last week. Buyers continue to shun these offers and traders are reporting that deals are not happening, Kallanish notes.
Position cargoes of Chinese 3sp 150mm grade billet for April shipment are offered at $625-630/t cfr Manila. "Few mills can use 3sp grade billet," a Manila trader says. Offers for mixed-origin blast/electric arc furnace 5sp grade 130/150mm billet are at $640-65…
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Anonymous
Very good overview of the weekly steel market.
Anonymous