Concerns about a fresh Covid-19 lockdown in the Philippines are limiting the prices that most buyers are willing to pay for imported steel billet, market participants told Fastmarkets on Friday March 19.
Philippine steel demand was severely affected last year during the country's lockdown periods and sources believe a repeat of this situation could come soon after daily Covid-19 cases soared to an all-time high of 7,103 cases on Friday."There is weakness and a low confidence level in...