SteelMint

Tag: SE Asia billet import market update

  • SE Asia: Imported billets market exhibits bearish sentiments

    SE Asia: Imported billets market exhibits bearish sentiments

    —

    by

    Vaibhav Dubey
    in

    The South East Asian imported billets market remained bearish this week despite a recovery in the Chinese rebar futures. SteelMint’s bi-weekly assessment of imported billets (150*150mm, 3SP) into the Philippines currently stands at around $625/tonne (t), CFR Manila, lower by $10/t, w-o-w. According to data maintained with SteelMint, the Chinese SHFE rebar futures contract for…