Southeast Asian billet market quiet ahead of year-end

December 28, 2018 / www.metalbulletin.com / Article Link

Import prices for steel billet in Southeast Asia remained flat on Thursday December 27 due to sparse offers, bids and transactions amid the year-end holiday season.

Fastmarkets' daily import price assessment for billet in Southeast Asia was $460-462 per tonne cfr Manila on December 27, unchanged for the sixth consecutive day.One cargo from the Russian Far East was sold to the Philippines at $462 per tonne cfr Manila on December 21. A deal involving Vietnamese billet produced from induction furnaces (IF) was also reported in the Philippines at $457 per tonne cfr Manila late...

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