Tag: SE Asia billet insight
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SE Asia: Imported billet prices remain largely stable amid weak market sentiment
South East Asia’s imported billet prices stayed supported due to lack of tender in the region. Meanwhile, market participants have adopted a wait-and-watch strategy due to price clarity expectation amid weak steel market sentiment. In addition, billet (150x150mm, 5SP) offers are at the range of $495-500/t CFR Manila and bids are around $490/t CFR Manila.…