Author: Indranath Jha
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SE Asia: Imported billets market bearish amid volatile Chinese rebar futures
The South East Asian imported billets market remained bearish, influenced by the volatile Shanghai Futures Exchange (SHFE) rebar prices. SteelMint’s bi-weekly assessment of imported billets offers from South East Asia currently stand unchanged at $670/tonne (t), CFR Manila, down by $20/t w-o-w. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for…