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...
