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Southeast Asian importers appear to be generally staying away from Chinese billet, Kallanish notes. They are adopting a wait-and-see stance until there is more clarity on the direction of the market. There are also concerns that Chinese suppliers could repeat non-performance, renegotiations, and delays in executing contracts should prices suddenly rise. Thai buyers are afraid of facing losses if prices continue to drop, a Bangkok trader says. On the othe…
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Anna Low Singapore
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