12
Apr
10:21
Taiwan books Russian billet as Chinese prices rebound
Billet import offers have rebounded over the past week in East Asia, Kallanish notes. Suppliers are bullish in tandem with the rebound in the Chinese futures market.
The billet import market in Taiwan slowed down after deals took place for Chinese 3sp 150mm billet for May/June shipment at $485-490/tonne cfr in early April. Mills in Taiwan booked cheap billet because of higher electricity tariffs during the summer season, a Taiwanese trader says. Bids for 3sp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous