“Prices are likely to remain unchanged for the rest of the year because today is unofficially the final working day of the year,” a trader in the Philippines said.
Fastmarkets’ daily price assessment for steel billet, import, cfr Southeast Asia
, was $445-448 per tonne on December 20, unchanged from the previous day.
The assessment was in the range of $445-446 per tonne cfr Southeast Asia at the beginning of the week before widening upward from Wednesday onward.
One cargo of 30,000-40,000 tonnes of 100mm Russian billet was sold at $445 per tonne cfr Manila, although this shipment was excluded from the...