Southeast Asia steel billet import prices rise as spot activity picks up

Import prices for steel billet in Southeast Asia nudged up slightly as trading activity picked up after the end-of-year lull in trading activity.

Metal Bulletin’s weekly assessment for billet imports in Southeast Asia was $535-545 per tonne cfr on Monday January 8, up $5 per tonne from $530-540.
China-origin billet was being offered at $520-530 fob China to Asian import markets, with buyers indicating their purchasing interest at $510-520 fob China.
Some quantities have been offered at $550-560 per tonne fob into Southeast Asia and Taiwan, and China-origin billet reappeared in spot markets across Asia after domestic prices in east China collapsed.

Offers for Middle East, India and CIS billet were heard at $548-555 per tonne cfr Southeast Asia, although no deals were...

Published

Paul Lim

Fiona Lam

January 08, 2018

09:51 GMT

Singapore