The import price for steel billet in Southeast Asia remained flat on Friday November 9 amid a lack of trading activity, with many buyers and sellers taking a wait-and-see approach.
Fastmarkets' daily price assessment for billet imported into Southeast Asia was $505-510 per tonne cfr Manila on Friday, unchanged since October 30.No major deals were reported during the week amid a wide bid-offer spread.Southeast Asia's tradable range remained at $505-510 per tonne cfr throughout the week, sources said.Vietnamese induction-furnace (IF) billet was rumored to have been sold at $498 per tonne cfr Manila, sources said, but the information could not be confirmed by Friday. The prices for IF billet are...