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Tag: SE Asia: Imported billet prices surge by $15-20 w-o-w

  • SE Asia: Imported billet prices surge by $15-20 w-o-w

    SE Asia: Imported billet prices surge by $15-20 w-o-w

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    by

    Pranjal Markale
    in

    Imported billet prices in SE Asia surged this week. Chinese domestic billet prices spiked with production dipping by 30-50% in Tangshan as pollution control measures were strictly enforced. This shortage resulted in global billet prices becoming buoyant. Due to this, the re-rollers in countries like Indonesia are preferring local billets. However, finished steel demand in…