Fastmarkets’ daily import price assessment for billet in Southeast Asia was $445-448 per tonne cfr Manila on Thursday, narrowing downward by $2 per tonne on the high end from $445-450 per tonne cfr on Wednesday.
Deals involving cargoes from Ukraine and the Russian Far East were concluded at $446-448 per tonne cfr to the Philippines this week.
Thailand-origin billet produced from induction furnaces (IF) was booked at around $445-450 per tonne cfr to the Philippines.
One 40,000-tonne cargo from Iran was sold at $415 per tonne cfr Thailand. Iranian prices are excluded from Fastmarkets’ assessment because they tend...