Tag: SE Asia billet import market
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SE Asia: Billet import market remains sluggish amid bid-offer disparities
South East Asia’s imported billet market has remained less active due to the gap between bids and offers. The weakening of buy-side sentiments and cheap Russian billet offers kept bids on the lower side and hence held back trade. SteelMint’s bi-weekly assessment of billets (150x150mm, 3SP) imported by the Philippines currently stands at around $648/tonne…