Offer prices raced ahead in the Southeast Asian billet market, Kallanish notes. The market was silent during the past week because of the approaching Lunar New Year holiday and because buyers' bids are trailing behind the sharp offer price hikes.
A Vietnamese mill is offering 10,000 tonnes of induction furnace 130mm 5sp billet at $605/tonne cfr Manila for end-February shipment. Blast furnace 5sp regional billet is offered at $635-645/t cfr Manil…
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