Metal Bulletin’s assessment of import prices for billet in Southeast Asia was $545-550 per tonne cfr for the week ended Monday June 11, narrowing downward by $5 per tonne from a week earlier
Cargoes from South Korea and Thailand were heard sold to the Philippines at $547-548 per tonne cfr.
Buyers in Thailand booked July-shipment cargoes from Iran at around $527-529 per tonne cfr, sources said early last week. Iranian prices are not included in Metal Bulletin’s assessment.
A Middle Eastern mill was heard to have put out a tender for 30,000 tonnes of its August-shipment billet last week, but the tender was later cancelled because of a production issue, market participants said on Monday.
An Indian mill sold 130mm billet to an Asia-based trader at...