Tag: SE Asia billet import market

This week, SE Asian billet import market reported having booked decent billet volumes from India and Russia on increased prices. The bookings are prominently for the Philippines for Oct-Nov’20 shipments. The offers in the region reached $450-455/t, CFR levels, while bids were at $440-445/t, CFR levels. Amid rising demand, the bid-offer spread contracted this week.…