A lack of demand from key Southeast Asian steel billet buyers has combined with a drop in scrap prices to further reduce offers for the semi-finished material over the week ended Monday April 25, market sources have said.
Fastmarkets’ price assessment for standard 5sp 120-150mm BF and EAF steel billet, import, cfr Manila, was $775-780 per tonne cfr on Monday, down by $5-10 per tonne day on day...
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