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SEA: Billet import offers up in recent deals

This week SE Asia billet import market was reported trade operative. The region was reported to book around 30,000 MT billets from CIS Nations. With these bookings, the billet export offers from CIS and India have moved up.Turkey’s imported scrap prices and the increased demand has managed to keep billet market sentiments vigorous in the region.
SteelMint assessment for billet import offers in SE Asia is at USD 415-420/MT, CFR, up USD 10/MT against last week. Indian billet export offers were reported at USD 400-405/MT, FOB. Billet export offers from CIS rise Sharply in a recent deal This week, Philippines has booked around 40,000 MT billets from CIS Nations at USD 415-420/MT, CFR. With

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