NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

SE Asia: Imported billet market inactive on weak demand

ABSTRACT

The South East Asian imported billets market remained sluggish on weak demand, although offers for the same were stable this week. SteelMint's bi-weekly assessment of imported billets (150*150mm, 3SP) into the Philippines currently stood at $635/tonne (t), CFR Manila, stable, w-o-w.
  Meanwhile, most of the buyers in the SE Asian region have already retreated ahead of the holidays and all eyes are on the Chinese market situation.   Market highlights-   Vietnam's billets export offers unchanged: Vietnam's BF-route billets export offers stood unchanged at $620/t, FOB. No deals were heard to be concluded this week. Thailand imports

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