Metal Bulletin’s assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday July 9, the same as a week earlier
Few bookings were reported over the past week amid soft demand in the region.
A transaction involving 130mm billet from Japan was concluded at $550 per tonne cfr, while Vietnamese billet produced using induction furnaces was booked at $542 per tonne cfr. Both cargoes were sold to the Philippines.
A 20,000-tonne cargo of Indian billet was sold through a tender at $512 per tonne fob, although sources in Asia could not confirm whether it was bound for Thailand or Sri Lanka.
Offers from Taiwan stood at around $550-557 per tonne cfr Southeast Asia, while asking prices for materials from the Commonwealth of Independent States (CIS) were at $545-547 per tonne cfr.
Several cargoes of induction-furnace billet from India...