Due to weak demand of rebar and raining days coming, South Asia’s steel billet import market slow down, the buyers just against high offers.

       The steel billet imported from China to South Asia continue on the increasing, the price of 130mm steel billet is USD380-385/mt on CFR Philippines port basis, about USD370/mt on CFR Thailand basis and USD365-370/mt on CFR Indonesia basis, but no buyer purchases.

                                                                                                      XINSTEEL NEWS