Southeast Asia steel billet market still depressed despite default rumours

The import market for steel billet in Southeast Asia continued to be under pressure from low booking activity over the past week and competitive offers from Iran.

Metal Bulletin’s price assessment for billet imports in Southeast Asia was $410-415 per tonne cfr for the week ending Monday June 12, narrowing down by $5 from $410-420 per tonne cfr last week.
Philippines
Offers for Q275-grade billet from China in 120mm or 130mm sizes were heard hovering around $420 per tonne cfr Manila in the Philippines for most of last week, with buying interest at about $415 per tonne cfr.

By the end of the week, trading firms were heard offering $425 per tonne cfr for 5sp-grade billet from Russia, with...

Published

Juan Weik

June 13, 2017

14:02 GMT

Singapore