Prices in Southeast Asia's steel billet market continued to face multiple headwinds in the week to Friday February 28, despite the sustained uptrend in the bellwether Turkish ferrous scrap import market.
Many buyers had replenished their inventories previously or expect the rise in scrap prices to be unsustainable, leading to sluggish demand, a trader in the Philippines said.Fastmarkets' daily price assessment for steel billet, import, cfr Southeast Asia, which mainly...