Import prices for steel billet in Southeast Asia nudged up slightly as trading activity picked up after the end-of-year lull in trading activity.
Metal Bulletin's weekly assessment for billet imports in Southeast Asia was $535-545 per tonne cfr on Monday January 8, up $5 per tonne from $530-540.China-origin billet was being offered at $520-530 fob China to Asian import markets, with buyers indicating their purchasing interest at $510-520 fob China. Some quantities have been offered at $550-560 per tonne fob into Southeast Asia and Taiwan, and China-origin billet reappeared in spot markets across Asia after domestic prices in east China collapsed.Offers for Middle East, India and CIS billet were heard at $548-555 per tonne cfr Southeast Asia, although no deals were heard as confirmed. Offers to the Philippines market were heard...