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The downtrend in the international bille

Producers have started to lower their billet offer prices because they need to close their order books for November and December before winter arrives and the weather changes. Meanwhile, demand for finished long steel products has started to decrease with the construction season coming to an end. And among other reasons for the falling billet prices, sources quoted fluctuations in the scrap sector as well as a decrease in Chinese domestic billet prices. China In the domestic market, Chinese billet prices have been going down throughout the week due to sluggish demand. On November 3 at 3pm, the market ended the week with prices down by 100 yuan per tonne from last Friday, reaching 3,640 yuan ($551) per tonne including VAT in Tangshan. Market participants expected the price to fall even further before the weekend. Southeast Asia Billet import prices in Southeast Asia dipped again in the week ended November 3 as buyers reduced...