Tag: SE Asian billet import market update

SE Asia: Global scrap prices and Chinese futures pull billet import prices

Nov 13, 2020

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by

Pranjal Markale

in Billet

This week, SE Asian billet import offers reported to have surged by $15-20. However, we witnessed no bookings at increased prices levels. The price hike has been driven by the increased global scrap and continuously rising Chinese rebar futures. The tight availability of ferrous scrap has led to consistent price hikes across the globe. The…