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Slowdown - Thailand and Cambodia take up surplus stock at undercut rates
Vietnam's mills have started exporting billet after cutting rebar and wire rod output because of lower domestic demand.
All billet output in Vietnam is normally fed straight into the mills' own finished product lines, and billet is sometimes imported to cover a domestic shortfall of supply.
"But Weak demand for final products has made mills cut production for rebar and wire rod," an official at a major mill said. "The mills have extra to sell, and...