Southeast Asian import billet prices keep rising in China’s absence

Import billet prices in Southeast Asia have continued to move upward over the past week along with prices in the Chinese domestic market, where the availability of such material was reduced.

In the absence of Chinese billet from the export market, customers in Southeast Asia continued to book material from alternative sources, which allowed suppliers to achieve another price increase and to raise new offers further.
Several market participants noted that customers have now become wary, however, as finished steel prices in the purchasing markets have started to lag.
“Finished goods prices [in Southeast Asia] are not catching up to the rest of the world markets yet,” one local trader said.

Metal Bulletin’s price assessment for...

Published

Vlada Novokreshchenova

July 25, 2017

19:40 GMT

Dnepr