Chinese suppliers remained inactive in the export billet market, preferring to sell in their domestic market
, where the prices were more attractive.
Market participants also reported reduced availability of billets from regional suppliers in the second half of last week.
“[There have been] almost no [billet] offers in the past few days from [countries in] Southeast Asia,” a source said on Friday. He gave various reasons for this, including price speculation, higher raw materials prices, and shortages of graphite electrodes.
In these circumstances, Metal Bulletin’s...