Southeast Asian billet resumes downtrend on muted demand

Import prices for steel billet in Southeast Asia edged down on Thursday October 11 from the previous day, pressured by the region’s sustained weakness in buying interest.

Fastmarkets’ daily assessment of the import price for billet in Southeast Asia was $510-515 per tonne cfr Manila on Thursday, narrowing down by $5 per tonne from $510-520 per tonne cfr on Wednesday. The assessment range had fallen from $520-525 per tonne cfr on Friday October 5, when lower billet offers as well as sluggish sales in the region for finished long-steel weighed...

Published

Fiona Lam

October 11, 2018

13:00 GMT

Singapore