Tag: SE Asia billet import prices
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SE Asia: Imported billets prices downtrend continues on bearish market sentiments
South East Asia’s imported billets prices continued their downward trend this week amid low buying interest and subdued finished steel sales. SteelMint’s bi-weekly assessment of imported billets (150*150mm, 3SP) into the Philippines currently stands at around $795/tonne (t) CFR Manila, a significant fall of $10/t w-o-w. The volatility in Chinese SHFE rebar futures throughout the…