Following the declines seen in Chinese billet export prices today, January 15, Chinese billet offers to Philippines have also moved down to $530-535/mt CFR Manila port. Market sources believe that the downward movement of Chinese billet export prices will continue with the possibility of Chinese billet offers to Philippines to fall to the price level of $520-525/mt CFR.
Chinese billet offers to Philippines move down
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Marketplace Offers
Billet
Length: 6 - 12 m
Edge Length1: 100 - 150 mm
Edge Length2: 100 - 150 mm
MTC CONSTRUCT
Length: 6 - 12 m
Edge Length1: 100 - 150 mm
Edge Length2: 100 - 150 mm
MTC CONSTRUCT
Billet
Length: 0 mm
Edge Length1: 140 - 180 mm
Edge Length2: 140 - 180 mm
Mid Continent Steel & Wire / Deacero USA
Length: 0 mm
Edge Length1: 140 - 180 mm
Edge Length2: 140 - 180 mm
Mid Continent Steel & Wire / Deacero USA