Raging price war continues to pile pressure on Southeast Asian billet import prices

Prices in Southeast Asia’s steel billet market dipped on Thursday September 12, in response to an ongoing price war between Indian and Russian billet suppliers, sources said.

Russian billet was offered at $417-420 per tonne cfr Manila and Thailand, while Indian billet was available at $415-420 per tonne cfr Manila and Thailand. Market sources believe that offers at the low end of the range for Indian billets were made by traders taking positions and attempting to entice customers to make bookings. “The...

Published

Lee Ken Kiat

September 12, 2019

12:03 GMT

Singapore