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The ASEAN billet import market is deteriorating quickly, Kallanish understands. Suppliers have been lowering offers in recent days amid rising market bearishness and a sharp slide in regional scrap prices. In Manila, offers for regional blast furnace and EAF billet were steady at $650-660/tonne cfr up to the middle of last week. On Friday, 5sp modified 130mm EAF billet from Vietnam for July/early August shipment was offered at $638/t cfr Manila.  O…
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Anna Low Singapore
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