Singapore—Fresh offers this week for South Korean billet to East Asia sparked additional supply concerns to regional mills amid slackened demand in light of COVID-19, industry sources said. South Korean billet was reported to have been offered at $418/mt CFR Manila on Thursday. However, this was pitted against more attractive offers for billets produced in Vietnam, Japan and Russia, which ranged between $410/mt and $416/ mt CFR levels this week.
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