Prices in Southeast Asia's steel billet market sank in the week to Thursday April 30 amid market participants' concerns over a growing number of cargoes being offered in the spot market despite sluggish buying interest, Fastmarkets heard.
The regulations imposed to curb the spread of the Covid-19 virus continued to weigh on steel demand and prices over the assessment week, sources told Fastmarkets.During the week, Japanese billet was sold at $370 per tonne cfr to the Philippines. The transaction involved...