Import prices for steel billet in Southeast Asia fell further on Friday November 30 amid downward pressure from low-priced Chinese materials, although trading remained at a standstill with buyers and sellers deterred by the drastic price drops.
Additionally, the Philippines - a major billet importer - was away from the market due to a holiday on Friday.Fastmarkets' daily price assessment for billet imports into Southeast Asia was $470-475 per tonne cfr Manila on Friday, narrowing downward by $5 per tonne from the previous day.No confirmed information about transactions were heard this week. One booking for billet from the Commonwealth of Independent States (CIS) was heard to have been made at $460 per tonne cfr Thailand early in...