Southeast Asia billet, slab import prices flat amid holiday lull

Import prices for steel billet in Southeast Asia and slab in the wider region encompassing East Asia were flat over the past week due to the Lunar New Year.

Metal Bulletin’s assessment of import prices for billet in Southeast Asia was $535-550 per tonne cfr for the week ended Monday February 19, unchanged from a week earlier.
No transactions were heard since most mills were out of the spot market, with most parts of the region on holiday for the Lunar New Year. Cargoes were also offered too high for buyers in Southeast Asia to be able to accept.

Offers from the Commonwealth of Independent States were heard at around $550 per tonne...

Published

Fiona Lam

February 20, 2018

04:00 GMT

Singapore