Southeast Asian billet import market slowed down, after the devaluation of RMB, Chinese exporters decreased the offer, while the importers waiting for prices to fall further and not to purchase, turnover deserted.

Last week, China’s 120mm Q275 billet exports to the Philippines quoted at USD 325 / tonne (CFR), 180mm Q235 billet to Indonesia quoted at USD320 / ton (CFR), 150mm Q235 billet to Vietnam and Thailand quoted at USD 305 / ton (CFR).

                                                  XINSTEEL NEWS