Philippines steel billet import price hits $800 cfr, most sellers holding back

Sales prices for steel billet imported into the Philippines have hit $800 per tonne cfr in recent days, but most sellers are holding back from making offers in the hope of achieving even higher prices in the near future.

Global steel billet prices have been soaring since Russia invaded Ukraine on February 24, with Turkish sellers able to achieve enormous price increases on sales into Africa because of the resulting...


Lee Allen

March 09, 2022

15:46 GMT