SteelMint

Tag: SE Asia billet import market

  • SE Asia: Billet import prices continue downtrend on weak sentiments

    SE Asia: Billet import prices continue downtrend on weak sentiments

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    by

    Vaibhav Dubey
    in

    South East Asia’s imported billet prices continued their downward trend this week amid low buying interest and subdued finished steel sales. SteelMint’s bi-weekly assessment of billets (150*150mm, 3SP) imported by the Philippines currently stands at around $755/tonne (t) CFR Manila, a sharp fall of around $45/t w-o-w. The volatility in China’s SHFE rebar futures throughout…