ASEAN billet importers are facing potential price hikes as suppliers seek increases following China's return from the Golden Week holiday. Indicative offers for 5sp 150mm billet from ASEAN or Chinese sources are around $500 per tonne cfr Manila, with a specific offer for a 20,000-tonne cargo at $490/t cfr. Despite these offers, buyers have been slow to accept higher prices, leading to minimal transactions. In Indonesia, Chinese 3sp grade billets are offered at $507/t cfr, while local mills have adjusted their prices amidst ongoing negotiations, reflecting a cautious market outlook.