Tag: Iran billet index
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SE Asia: Billet import prices stable amid global scrap price recovery
South East Asia’s imported billet import prices have remained largely rangebound. However, with the recovery in global scrap prices and the rebound in Chinese steel prices, billet prices are likely to find some support. SteelMint’s bi-weekly assessment of BF-route billet (150x150mm, 3SP) imported by the Philippines currently stands at around $540/tonne (t) CFR Manila, stable…