Prices in Southeast Asia's steel billet market held steady on Thursday April 9 amid a stalling of imports into China.
Fastmarkets' daily price assessment for
steel billet, import, cfr Southeast Asia, which mainly looks at 120-150mm 5sp grade billet sold into Manila, was $365-375 per tonne on Thursday, unchanged from a day earlier.
The range is down $5 per tonne on the low end compared with $370-375 per tonne
last Friday.
There were no ongoing negotiations in Southeast Asia amid a growing number of Covid-19 infections and fatalities reported in the region.
Restrictions imposed by Southeast Asian governments to curb the spread of Covid-19 continued to hamper trading activity in the region.
In the Philippines, a month-long "enhanced community quarantine" of the island of Luzon, where the country's capital city Manila is located, has been extended to April 30 from April 13, according to an announcement by the Philippine Covid-19 task force earlier this week.