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28 Jun
09:35

Chinese billet leads ASEAN market

The billet import market in ASEAN is spiralling downwards, Kallanish notes. While there are offers for billet coming from other sources, China is leading in price competitiveness. Bookings in Indonesia for Chinese-origin 150mm billet concluded at lows of $495/tonne cfr for 3sp grade and at $502/t cfr for 5sp grade during the week though 28 June, Chinese trading sources say. Indonesian trading sources report confirmed deals at several dollars higher. Orders for Chi…
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