Southeast Asia import billet prices rising amid reduced supply

Steel billet import prices in Southeast Asia have shot up by $15-25 per tonne over the past week as the availability of such material in the region was low, Metal Bulletin learnt on Monday August 7.

Chinese suppliers remained inactive in the export billet market, preferring to sell in their domestic market, where the prices were more attractive.
Market participants also reported reduced availability of billets from regional suppliers in the second half of last week.
“[There have been] almost no [billet] offers in the past few days from [countries in] Southeast Asia,” a source said on Friday. He gave various reasons for this, including price speculation, higher raw materials prices, and shortages of graphite electrodes.

In these circumstances, Metal Bulletin’s...

Published

Vlada Novokreshchenova

August 08, 2017

14:05 GMT

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