Tag: Billet import
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SE Asia: Imported billet prices drop w-o-w amid weak market sentiments
Import billet prices in South East Asia witnessed a decline this week following a decrease in global scrap prices and low buying interest amid weak finished steel demand in the region. Meanwhile, Turkiye’s imported scrap prices fell by around $11/t w-o-w. Declining rebar futures weighed on billet import prices. According to SteelMint data, China’s SHFE…