Southeast Asian billet demand softens on upcoming elections, rainy season

Import prices for steel billet in Southeast Asia held steady on Friday March 29 amid limited trading, although prices on a week-on-week basis inched down due to deteriorating demand in the region.

Fastmarkets’ daily import price assessment for billet in Southeast Asia was $480-490 per tonne cfr Manila on Friday, unchanged from the previous day but down by $5 per tonne from a week earlier.
Deals involving Malaysian billet were concluded to the Philippines at $483-490 per tonne cfr Manila, traders said.

Iranian materials were also sold at $442-445 per tonne cfr Thailand. Iranian prices are excluded from Fastmarkets’ assessment because they fall below mainstream levels due to the United States’...

Published

Fiona Lam

March 29, 2019

11:02 GMT

Singapore