Southeast Asian billet import prices continue to decline, the market bearish sentiment strong.

Last week, one of Vietnam mill purchased ten thousand 150mm Q255 billet from China with price of USD280/mt (CFR). Earlier the price is USD285/mt on CFR basis.

In Thailand, last week China 130mmQ235 billet price was USD 300 / ton (CFR), the current offer is USD295 / ton (CFR), quotes from Russian resources decreased from USD310 / ton (CFR) to USD300-305 / ton (CFR). Traders expect local buyers will replenish stocks from second week of September.

                                                XINSTEEL NEWS