Chinese suppliers reduced the volumes of export billet and increased the prices, in the wake of strong domestic demand
This has driven prices for non-China-origin material in the region upward.
Metal Bulletin’s price assessment for billet imports in Southeast Asia was $440-450 per tonne cfr for the week ending Monday July 10, up by $10-15 per tonne from $430-435 per tonne cfr
in the previous seven days.
Buying activity was mainly concentrated in the Philippines last week.
A cargo of Vietnamese billet was heard sold in the country at $440 per tonne...