Tag: SE Asia billet import market
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SE Asian imported billet prices edge lower on weak buying interest
The Southeast Asian billet market remained sluggish this week. Limited buying interest was seen due to high prices of semi-finished steel and weak fundamentals in the longs sector. Meanwhile, billet offers in the SE Asian market were heard at around $490-495/t CFR, with bids hovering around $480/t CFR Manila. As per BigMint’s bi-weekly assessment, prices…