Southeast Asian steel billet import prices little changed on sparse activity

Import prices for steel billet in Southeast Asia were stable on Friday March 1 amid thin buying interest and the resulting lack of transactions.

Fastmarkets’ daily import price assessment for billet in Southeast Asia was $480-485 per tonne cfr Manila on Friday March 1, the same as the previous day. Southeast Asia’s import prices have been largely steady since February 14 and last week remained unchanged amid limited demand and lower offers from the Commonwealth of Independent States (CIS). Spot trading was sparse throughout the week to Friday, sources told Fastmarkets. A large shipment from Iran was sold at around $440-442 per tonne cfr to Thailand, down from last week’s deal price of $445-450 per tonne cfr Thailand, although Iranian prices are excluded from...

Published

Fiona Lam

March 01, 2019

09:48 GMT

Singapore