Fastmarkets’ daily price assessment for steel billet, import, cfr Southeast Asia
, which mainly looks at 120-150mm 5sp grade billet sold into the Philippines, was $390-397 per tonne on Friday May 22, up by $5-7 per tonne from $385-390 per tonne a day earlier.
The assessment was in a range of $375-380 per tonne cfr Southeast Asia in the first two days of the week before rising from Wednesday onward.
During the week, two cargoes involving 20,000 tonnes each of July-shipment Russian billet shipped from ports in the country's Far East were sold at $390 per tonne cfr to the Philippines. Market sources said the billet possessed higher manganese content and would be equivalent to $385-390 per tonne for the 5sp...