Traders continue to take bullish positions in Asia steel billet market

Trading houses have been taking long positions in the Asian steel billet markets over the past week in the belief that prices will continue to rise after the region’s lunar new year holidays finish on February 4, sources told Fastmarkets on Tuesday January 25.

Billet-booking activity from Asian end-users has been muted in recent days amid a slowdown in the Chinese markets ahead of the holiday period, while Southeast Asian mills have also shied...

Published

Lee Allen

January 25, 2022

14:37 GMT

London