Asia billet loses steam mid-week amid pervasive weakness in Asia

Steel billet prices in Asia edged up this week largely due to the rebound in Chinese steel prices, sources told Fastmarkets, although prices softened again in the second half of the week after market participants saw the continued weakness in bellwether market China.

They continued to cast doubt on whether prices will continue to climb amid poor demand in Asia and major importer Philippines.

5SP-grade blast furnace-grade billets were offered at $540 per...


Paul Lim

Nabilah Awang

May 11, 2023

22:00 GMT