Buyers in the Philippines, Malaysia and Thailand have been in the market for imports of steel billet at higher prices over the week despite China's continued absence, sources told Fastmarkets on Wednesday September 19.
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.A deal for 20,000 tonnes of Indonesian blast furnace (BF) billet was heard booked to Malaysia at $452-453...