Tag: billet prices in SE Asia
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SE Asia: Imported billet prices drop w-o-w amid subdued market sentiments
Southeast Asia’s imported billet prices dropped this week. As per sources, continued weakness in the Chinese market, particularly in rebar futures which have seen a significant drop, have put pressure on billet prices. Additionally, buyers have reduced interest as they anticipate further price declines. According to BigMint’s bi-weekly assessment, billets (150x150mm, 3SP) imported by the…