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24 Feb
10:56

Billet marches above $600/t cfr in ASEAN

ASEAN billet importers are accepting price hikes. But offers for regional ASEAN billet are mostly absent during the past week. Instead, less traditional suppliers in the Middle East and China are offering billet, Kallanish notes. A second 20,000-tonne 5sp grade billet cargo from Qatar for March shipment was ordered at $610/tonne cfr Manila around a week ago. This is the second cargo booked since Middle Eastern billet reappeared in the Philippines af…
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