Southeast Asian billet importers absent amid market uncertainties, weaker currencies

Import prices for steel billet in Southeast Asia were flat on Thursday September 6 with buyers staying on the market sidelines amid uncertainty about price trends and their depreciating domestic currencies.

Meanwhile, more offers were heard in the region but at higher levels this week, with suppliers starting to return to the market after staying away last week while prices offered by Turkish producers fluctuated.
Metal Bulletin’s daily assessment of import prices for steel billet in Southeast Asia was $525-535 per tonne cfr Manila on September 6, the same as the previous day.
Trading continued to be sparse.

Filipino buyers were heard booking Turkish billet at $525 per tonne cfr early this week. Traders said that those were likely to be...

Published

Fiona Lam

September 06, 2018

13:44 GMT

Singapore