Fastmarkets’ daily price assessment for steel billet, import, cfr Southeast Asia
, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $370-375 per tonne on April 3, narrowing downward by $5 per tonne from $370-380 per tonne the previous day.
The price is down $10 per tonne compared with $380-385 per tonne a week ago
Russian billet shipped from ports in the country’s Far East was offered at $380-385 per tonne cfr Southeast Asia, while billet produced in India using blast furnaces was available at $385-390 per tonne cfr Southeast Asia.
“Buyers are unlikely to submit any bids until the government confirms that the virus control measures...