Suppliers continue to shave off billet prices in order to entice buyers in Southeast Asia, Kallanish notes. However, buyers are cool and non-committal because there are no signs of price support.
In Manila, offers for EAF or blast furnace 5sp grade billet are prevailing at $675-680/tonne cfr. These are quotes for origins at seller's option. An Indonesian blast furnace mill was offering 130mm square 3sp billet on Friday at $670/t cfr Manila, down $8/t…
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