Prices for cargoes of steel billet imported to Southeast Asia have moved down over the past week amid a continued high volume of offers in the market, with some participants on the sell-side keen to close deals sooner rather than later, sources told Fastmarkets on Tuesday January 19.
Buyers, perhaps sensing this greater desperation from sellers, have continued to drop their billet bid prices and largely remained out of the market over the last week, sources said.Similarly, offers for Vietnamese BF billet of 5sp quality were heard at $595 per tonne...