Southeast Asia’s billet, slab markets remain quiet

Thin trading due to weak demand in Southeast Asia kept steel billet and slab import prices unchanged across the region, including East Asia, over the past week.

Metal Bulletin’s assessment of import prices for billet in Southeast Asia was $545-550 per tonne cfr for the week ended Monday June 25, unchanged from a week earlier.
Billet from the Commonwealth of Independent States (CIS) was heard booked at around $545-546 per tonne cfr to the Philippines via an Asian trader, market participants said.
Filipino buyers were also heard to have procured material from another CIS mill at $550 per tonne cfr early last week, while Vietnamese billet - most likely to have been produced in induction furnaces - was booked at around $545 per tonne cfr, sources in Southeast Asia said.

Several offers from Vietnam stood at $550-560 per tonne cfr Philippines...


Fiona Lam

June 26, 2018

04:15 GMT