Southeast Asian billet import market downturn, because in July and August, construction activity slowed, buyers purchase scarce.

Allegedly, the Chinese billet prices to Philippines from previous USD363-365/ton to USD360 / ton (CFR), has the lowest turnover to $ 355 / ton (CFR), the mainstream offer to Thailand quoted at USD350/ ton (CFR).

Market participants expected that with the rainy season coming, weaker demand for construction steel, billet prices are likely to remain stable or continue to decline slightly.

                                                                                                                XINSTEEL NEWS