Billet prices in SE Asia up $5 on rising scrap, iron ore prices

Apr 03, 2012 | 11:03 PM |

Billet import prices into Southeast Asia have risen by a further $5 per tonne this week, tracking a rise in scrap and iron ore prices. Bookings were reported in Indonesia, Malaysia, and the Philippines at $645-655 per tonne cfr this week, widening from $645-650 last week, and up from $640-645 per tonne cfr two weeks ago. “Buyers have to settle at higher prices because offers have....

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