The SE Asian billet market sentiments were reported dull this week amid no trades. South East Asia billet import offers are assessed around at USD 450-455/MT, CFR levels, this week, the trade sentiments were reported weak in the region. However, no drop in the offers was witnessed.
Billet export offers from CIS inch down- This week offers from CIS nations were assessed at USD 415/MT, FoB Black Sea, down USD 5/MT against last week. However buying interest is seen around USD 410/MT, FoB Black Sea. The market sentiments were reported weak in the region.
Vietnam billet offers reported stable- This week Vietnam’s billet offers are at USD 458/MT, CFR Manila, identical as last week. The trade sentiments are reported stable in the region.
Turkey imported scrap prices stable as buyers keep away from bookings – SteelMint learned from industry participants that Turkish imported scrap market has maintained silence so far this week with no fresh deal being reported in the market. SteelMint’s assessment of US-origin HMS 1&2 (80:20) scrap inched down to USD 292-293/MT, CFR Turkey.
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