UTC+8 ( BJT)

SE Asia: Imported billet prices rise

ABSTRACT

South East Asian imported billet markets witnessed sizeable trades, unlike last week. The billet cargoes are of Iranian and Indian origin and are likely to have been bought by Thailand and the Philippines, respectively.
This week, the SE Asian buying trends were not in line with the global price indications. The SE Asian buyers are bidding approximately $20 less than China. SteelMint understands that SE Asian buyers are likely specifying the price horizons for their market. Furthermore, an international trader said: “In the current scenario,the

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