Southeast Asia’s billet market quiet amid Turkish rebound

Import prices for steel billet in Southeast Asia were flat on Wednesday August 29, with most participants holding off on offers and bids following the recovery in prices from major supplier Turkey.

Metal Bulletin’s daily assessment of import prices for steel billet in Southeast Asia was $525-535 per tonne cfr Manila on Wednesday, unchanged since Friday last week.
Bookings were sparse, with only one deal reported on Friday at $530 per tonne cfr Manila for 40,000 tonnes of 130mm billet from the Commonwealth of Independent States (CIS).
No new transactions were heard from Monday to Wednesday.

Asking prices for billet from Turkey started increasing on Monday amid rising scrap prices, after steelmakers returned...

Published

Fiona Lam

August 29, 2018

12:10 GMT

Singapore