SE Asia billet buys slow on softer China steel mart

摘要

Consumers in Southeast Asia have scaled down their purchase of imported steel billet due to a slide in China's domestic prices for the semi-finished product and futures markets, sources told Fastmarkets on Tuesday October 20. Chinese steel futures performed poorly on Tuesday following a slight uptick on Monday, while spot prices for billet in Tangshan have remained rangebound over the past week after a strong rise following China's October 1-8 holiday commemorating its National Day.