Southeast Asian billet import prices stable on limited activity

Import prices for steel billet in Southeast Asia were flat on Friday March 22 amid largely steady offer and bid levels, as well as a lack of trading activity this week.

Fastmarkets’ daily import price assessment for billet in Southeast Asia was $485-495 per tonne cfr Manila on Friday, unchanged from that on Thursday March 14. Few bookings were made this week after last week’s uptick in buying activity, sources said. Small shipments of 130mm billet from a major mill in the Commonwealth of Independent States (CIS) were sold to the Philippines within $485-490 per tonne cfr Manila levels,...

Published

Fiona Lam

March 22, 2019

09:30 GMT

Singapore