Southeast Asian billet import prices down on aggressive Indian cargo prices, high trade tensions

摘要

Prices in Southeast Asia’s steel billet market decline after a major producer in India sold competitively priced cargoes into the region, sources said. “The Indian producer reduced its asking price to attract customers because of limited buying interest in its domestic market during the country’s monsoon season,” a trader in Southeast Asia said. The transactions were reportedly concluded at $440-445 per tonne cfr to Indonesia and Manila, Fastmarkets heard.