Prices for cargoes of steel billet imported to Asia increased over the week amid greater restocking demand from buyers and a slight upward movement in Chinese futures markets, sources told Fastmarkets on Friday June 4.
Offers for blast furnace (BF) billet from Indonesia were heard at $720 per tonne cfr China at the start of the week, up from $700 per tonne cfr, while BF material from Vietnam was heard available from traders at $700-710 per tonne cfr."It seems some Chinese buyers aren't willing to touch Indian cargoes due to the port restrictions on vessels coming from India," a South Asian trader...