Southeast Asia's billet prices up again on sustained demand

Import prices for billet in Southeast Asia have risen again in the past week on steady demand among buyers in the Philippines.

Metal Bulletin’s weekly assessment of import prices for billet in Southeast Asia was $530-540 per tonne cfr on Monday December 25, up $5 per tonne cfr from a week earlier.
Strengthening demand, particularly among buyers in the Philippines, led to higher billet offers from India, the Middle East and the CIS region over the past week.

“Buying sentiment among buyers in the Philippines remained strong as they do not have their own melt shops to produce billet, leaving them to depend...

Published

Paul Lim

December 26, 2017

12:20 GMT

Singapore