Southeast Asian billet market largely stable on dull spot trading

Import prices for steel billet in Southeast Asia held steady on Thursday January 10 with few transactions concluded, although more offers and bids were heard in the region this week.

Fastmarkets’ daily import price assessment for billet in Southeast Asia was $445-455 per tonne cfr Manila on Thursday, unchanged from Wednesday. Iranian billet was heard booked at $415 per tonne cfr to either Indonesia or Thailand on Thursday. Prices from Iran are excluded from Fastmarkets’ assessment because they tend to fall below mainstream levels as a result of the United States’ sanctions against Iran. No other deals were reported...

Published

Fiona Lam

January 10, 2019

09:55 GMT

Singapore