Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
According to our latest understanding, the latest SPH540 steel quotation for square billets from a mainstream steel plant in Indonesia is $500/ton FOB, with a month on month decrease of $20/ton; The quotation for slab is 510 US dollars/ton, a decrease of 80 US dollars/ton month on month.
In terms of demand, with the support of good expectations for the follow-up development of infrastructure projects this week, the import SPH540 steel demand of Philippine steel mills has rebounded to some extent. We learned that there have been two recent orders for Chinese exports to the Philippines, one with a specification of 3sp and 40000 tons, priced at $495/ton FOB, and the other with a specification of 5sp and priced at $515/ton CFR Manila SPH540 steel.
