The import price for steel billet in Southeast Asia on Friday February 1 was stable day on day due to sluggish trading activity, although on a weekly basis the price inched up amid sparse offers received this week.
Fastmarkets' daily import price assessment for billet in Southeast Asia was $450-460 per tonne cfr Manila on Friday, unchanged from Thursday. But week on week the range widened upward by $5 per tonne from $450-455 per tonne cfr on January 25.The uptick in regional prices follows last week's recovery amid lower supply from the Commonwealth of Independent States (CIS) and rising Turkish scrap values."Traders are trying to push prices up to $455-460 per tonne cfr Manila," a Southeast Asia-based trader said...