SE Asia Billet Prices Fall Amid Dull Market Conditions

The SE Asian billet import market remained silent this week. No deals were reported this week. The market was quite due to weaker sentiments. This week South East Asia’s billet import assessment stands at around at USD 440-445/MT, CFR, down USD 5/MT against last week.

Billet export offers from CIS decline- This week billet export assessment from CIS nations stands at USD 410-415/MT, FoB Black Sea, down USD 5/MT against last week. The market sentiments were reported weak in the region.

Vietnam billet offers inch down- This week Vietnam’s billet offers are at USD 452/MT, CFR Manila, down USD 6/MT against last week. The trade sentiments were reported weak in the region.

Turkey imported scrap prices range bound - SteelMint learned from industry participants that Turkish imported scrap market witnessed limited trades after a week’s pause. SteelMint’s assessment of US-origin HMS 1&2 (80:20) scrap inched down to USD 289-290/MT, CFR Turkey, down USD 3/MT against last week.

source: SteelMint