Southeast Asian billet import prices dip on weak demand

Southeast Asia’s steel billet market softened over the past week amid a lack of buying interest, though thin trading has kept prices steady in the last few days.

Fastmarkets MB’s daily import price assessment for billet in Southeast Asia was $475-485 per tonne cfr Manila on Thursday April 4, unchanged for a second day. Last Friday’s prices were $5 per tonne higher, at $480-490 per tonne cfr.

No deals involving billet produced using blast furnaces and electric-arc furnaces were heard this week, although one shipment of billet...

Published

Lee Ken Kiat

April 05, 2019

08:15 GMT

Singapore