SE Asia: Billet import prices drop amidst bid-offer disparity

The South East Asian billet import market witnessed limited deals amidst bid-offer disparities and weak demand. SteelMint assesses SE Asian billet import prices at $638/t CFR Manila against $660/t CFR levels last week, a significant drop of $22/t, w-o-w. Weak buying interest and volatility in Chinese rebar futures weighed on billet import sentiments, SteelMint notes.