Billet offers to Philippines

SteelOrbis understands from market sources that import billet offer levels to the Philippines are at around $585/mt CFR LO Manila port, while bids from buyers are at around $5/mt lower than this. Offers below the level of $585/mt CFR LO Manila are also heard, but the price seems to alter depending on billet quality and the origin of the offers. In addition, offers for prime overrolling billets can be found at approximately $20-25/mt below the level in question.