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03 Nov
09:19

Manila billet market enters holiday lull

The Philippines billet import market was quiet last week, Kallanish notes. This was mostly due to several public holidays taking place during the week. Offer prices remain firm amid the improvement steel market sentiment in China. Offers for open-origin Chinese/ASEAN blast furnace 5sp grade billet for December shipment are at around $520/tonne cfr Manila, up from the previous week’s $515-520/t cfr, local trading sources say. “Manila is mostly still on …
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