Prices for steel billet imported to China and Southeast Asia were largely unchanged during the week to Friday June 18, with bids falling but deals heard propping up prices across the week.
Chinese buyers dropped their bid prices to $660-670 per tonne cfr China towards the end of this week, from $690 per tonne cfr on Monday, amid a downtrend in ferrous futures markets.But despite the fall in buying interest, a deal for Vietnamese 3sp BF billet came to light which was done in the past week at $660 per tonne fob, which sources said would work out at $690-700 per tonne cfr...