Tag: South East Asia Billet Import
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SE Asia: Imported billet offers rise w-o-w on improved trades
Imported billet prices in South East Asia edged higher this week. Global ferrous scrap prices rose sharply last week with Turkiye’s imported scrap prices moving up by around $15-20/t w-o-w which supported billet prices. Imported billet offers have increased to $540/t CFR Manila in this week. However, bids are at around $520-525/t CFR, trader sources…