17
May
15:07
Prices for longs fall further in ASEAN
Long products markets remain bearish in Southeast Asia, Kallanish notes. Trading sources anticipate the market will remain soft and prices are yet to bottom.
In the Philippines, an Indonesian blast furnace mill’s highly competitively offer for 130mm square 5sp billet at $700-705/tonne cfr surprised regional trading participants. The mill, which was previously producing 150mm and 165mm square billet, started offering 130mm square billet this month. “I p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous