Southeast Asia steel billet import prices down on lower Chinese offers

Import prices for steel billet in Southeast Asia widened downwards this week as lower offers for China-origin billet had a negative impact on price negotiations.

Metal Bulletin’s weekly price assessment for billet imports in Southeast Asia was $530-545 per tonne cfr in the week ending Monday January 15, down $5 per tonne at the lower end of the range from $535-545 per tonne cfr.
At least four deals involving cargoes from China, Russia and the Middle East were concluded at $535-545 per tonne cfr Southeast Asia.

Offers for Chinese billet had been heard at $540 per tonne cfr early last week, but on Friday January 12 fell to $515-520 per tonne fob - equivalent to $530-535 per tonne cfr, according to a trader in East Asia.
...

Published

Fiona Lam

January 15, 2018

10:37 GMT

Singapore