Lack of import offers pushes up Asian steel billet prices again

Low volumes of steel billet being offered for import into key Asian markets have led to a continued rise in spot prices for the semi-finished material in recent days, sources told Fastmarkets on Friday January 28.

Buyers in Asia have been struggling to source billet on the spot market, with sellers holding back offers until after the region’s lunar new year holidays conclude in early February....

Published

Lee Allen

January 28, 2022

14:10 GMT

London