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24 Jun
16:11
The ASEAN billet import market continues to weaken, Kallanish notes. Certain traders are heard to be actively driving down the market with low-priced offers. Offers for electric arc and blast furnace billet from ASEAN mills are prevailing at $585-590/tonne cfr Manila, Philippine importing sources say. This is a large fall from offers which were at lows of around $635/t cfr on 17 June. Buyers are generally staying away from the market because prices have not stabi…
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Anna Low Singapore
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