SE Asia: Imported billet offers fall w-o-w amid lower buying interest
Imported billet offers in Southeast Asia fell w-o-w, amid a deteriorating outlook and stagnant demand due to the approaching Christmas holidays. No deals were reported this week, with many buyers adopting a wait-and-watch approach due to price declines in China. Offers for billets (150 x 150 mm, 5SP) imported by the Philippines were heard at around $460-465/t CFR Manila, down $10/t w-o-w.