Import prices for steel billet to Southeast Asia are likely to continue rising with strong scrap prices and resurgent demand leading sellers to contemplate another sharp offer price increase.
"On Friday, all sellers withdrew their offer prices - let's see if new offers are made by mills on Tuesday," an Indian trader said on Monday December 14.Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp...