Southeast Asian billet import prices flat amid soft domestic prices, rainy season

摘要

Southeast Asia’s billet market was stable on Friday June 21 on soft domestic steel prices, a seasonal slowdown in construction in the Philippines, and low buying activity in Indonesia amid expectations that prices would fall further. Fastmarkets’ daily import price assessment for billet in Southeast Asia was $455-460 per tonne cfr Manila on Friday June 21, unchanged from the previous day and narrowing upward by $5 per tonne from a week earlier.