China billet flat despite futures hitting one-year high; SE Asia stronger

摘要

Chinese billet prices were assessed unchanged August 3, despite higher offers in the spot market amid soaring rebar futures hitting a one-year high, while Southeast Asian prices resumed rising amid firmer offers. S&P Global Platts assessed the China 5SP 150 mm square bar spot price at a midpoint of $422/mt FOB China, unchanged from July 31. Platts assessed the Southeast Asia 5SP 130 mm billet spot price at a midpoint of $425/mt CFR Manila, up $5/mt from July 30.