Southeast Asia billet import market stable, despite more offers from Turkey

Import prices for billet in Southeast Asia have been unchanged over the past week, but cheap offers from Turkey right in the middle of the Chinese New Year holiday have intensified buyer caution.

Billet cargoes from Turkey were on offer as low as $405-410 per tonne cfr in Thailand, $410 per tonne cfr in the Philippines, and $410-415 per tonne cfr in Indonesia, market participants in the three countries told Metal Bulletin on Tuesday January 31.
News about one deal closed in Indonesia was reported in Turkey late last week, but trader and buyer sources in the Southeast Asian archipelago said there seemed to be more offers in the market this week. 

“There are a few traders offering now, and maybe many [mills from Turkey],” one source based in Jakarta said, mentioning that...

Published

Juan Weik

January 31, 2017

12:50 GMT

Singapore