Offers of 5sp grade 130mm/150mm square billet from ASEAN and China are trading at $600-610/t cfr Manila.
Offers for Chinese 150mm 3sp billet were at $605-610/t cfr during the previous week through March 24.
Offers for 130mm 5sp billet from ASEAN are at $600/t cfr.
Vietnamese induction furnace billet closed at $575/t cfr Manila.
5sp/ps or Q275 120/125/130mm square billet reached $595-600/t cfr Manila, down $15 from the previous week.
Suppliers want to empty their stocks as early as possible. International factors such as the recent global banking crisis, weak EU demand and the start of Ramadan also affect demand.
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