SteelMint

Tag: Chinese domestic billet market update

  • SE Asia: Billet import market continues to remain dull

    SE Asia: Billet import market continues to remain dull

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    by

    Pranjal Markale
    in

    SE Asian billet market continues remaining dull on wide bid-offer spread. The offers have crossed $610/t, FoB levels, while bids were reported at $590/t, CFR. Anticipating prices to fall, buyers are posing limited buying interest. However, the market has somewhat started functioning in line with the anticipation of the buyers. For instance, global scrap prices…