Chinese billet buying behavior has often informed decisions at mills in Southeast Asia this year
but China’s reticence to make further bookings has been met with a handful of transactions across the region over the last week, sources said.
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 $450-455 per tonne on September 16, narrower than $445-455 per tonne day on day and $5 wider than $450 per tonne week on week.
A deal for 20,000 tonnes of Indonesian blast furnace (BF) billet was heard booked to Malaysia at $452-453...