SE Asia: Billets import prices fall w-o-w amid bearish market sentiments

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Price indications of imported billets into South East Asia fell this week due to lower bids, fall in scrap prices and the return of Chinese mills in the export market.
SteelMint assesses import prices at $520/t CFR Manila on 28 Oct’22, a fall of $13/t w-o-w.
Meanwhile, an unconfirmed deal of 150mm/5SP Chinese billets was heard concluded at $520/t CFR Philippines.

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