Tag: SE Asia billet import offers

South East Asia’s imported billet prices continued their downward trend this week due to low buying interest, weak finished steel sales and falling raw material prices. SteelMint’s bi-weekly assessment of billets (150*150mm, 3SP) imported by the Philippines currently stands at around $700/tonne (t) CFR Manila, a significant fall of $55/t w-o-w. The volatility in China’s…