Asian steel billet sellers aggressively shorting market; sentiment sinks again

Sentiment in the Asian seaborne steel billet market softened further in the past few days, with some traders actively looking to sell short, sources told Fastmarkets on Wednesday June 22.

A handful of major Chinese trading firms were heard to be shorting the market by offering cargoes of Indonesian blast furnace (BF) billet at prices in the range of $585-600...

Published

Lee Allen

June 22, 2022

11:33 GMT

London