Southeast Asian billet import prices up on trading uptick, costlier scrap

Import prices for steel billet in Southeast Asia moved up on Thursday March 14, amid an uptick in trading activity and higher scrap values, market participants said.

Fastmarkets’ daily import price assessment for billet in Southeast Asia was $485-495 per tonne cfr Manila on Thursday, up $5 per tonne from $480-490 per tonne cfr on Wednesday. Numerous deals involving Malaysian billet were concluded in Southeast Asia at $485-488 per tonne cfr Philippines, $477 per tonne cfr Indonesia and $485 per tonne cfr Thailand, sources told Fastmarkets. One small shipment of 100mm billet from the Commonwealth of Independent States (CIS) was booked at $490 per tonne cfr Manila, while Vietnamese 130mm billet produced from induction...

Published

Fiona Lam

March 14, 2019

09:40 GMT

Singapore