Tag: SE Asia billet import prices
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SE Asia: Billets import offers rise amidst absence of CIS offers, rising rebar futures
South East Asian imported billets prices witnessed a further rise this week following a sharp uptick in Chinese rebar futures and absence of Russian suppliers due to series of sanctions on the country. SteelMint’s bi-weekly assessment of imported billets (150*150mm, 3SP) into the Philippines currently stands at around $735-740/tonne (t) CFR Manila, a significant rise…