Southeast Asia billet import prices flat amid bearish scrap sentiment, pre-CNY lull

Prices in Southeast Asia’s steel billet market were stable on Thursday January 23 amid a bearish outlook for the ferrous scrap market and the absence of market participants in China ahead of the Lunar New Year holiday.

Fastmarkets’ daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $442-443 per tonne on January 23, unchanged from the previous day. The assessment has remained stable since Monday.
Billet from Russia and Ukraine was offered at $445-450 per tonne cfr Manila while Japanese and South Korean billet was available at $450 per tonne cfr Manila.

“Japanese and...

Published

Lee Ken Kiat

January 23, 2020

10:40 GMT

Singapore