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’ sanctions against...

Published

Fiona Lam

March 29, 2019

11:02 GMT

Singapore