Southeast Asia import billet prices drop in wake of sharp decline in China, raw materials downturn

Southeast Asia billet import prices fell over the past week, following a sharp decline in the Chinese billet values and the general weakening of global steelmaking raw materials.

Metal Bulletin’s weekly price assessment for billet imports in Southeast Asia was $535-540 per tonne cfr on Monday September 25, compared with $540-555 per tonne cfr a week earlier. Buying activity in the region has been limited, with market participants anticipating further price cuts. Inventories built up by traders over recent months were another factor pushing prices down,...

Published

Vlada Novokreshchenova

September 26, 2017

12:46 GMT

Dnepr