More deals for distressed steel billet cargoes depress SE Asia markets

Further bargains for resale cargoes of 3sp impact furnace (BF) steel billet into the Southeast Asian markets have damped opinion within the locale for modern generation billet, sources told Fastmarkets on Friday November 19.

A few hundred thousand tons of occupied cargo, a few of which was as of now on the water and required exceptionally incite shipment, have been advertised into Southeast Asian nations in later weeks.

Such cargoes were at first booked with the purposeful of offering them into China, but the dive in Chinese costs over the past month has implied that exchanging companies holding the positions had to quickly occupy the fabric to other destinations. Diverted Russian 3sp BF billet was listened sold at around $620 per ton cfr Thailand this week. Resale cargoes of India-origin 3sp 150mm billet were listened at $618 per ton cfr Indonesia and $630 per ton cfr Turkey this week. An Iran-origin 3sp resale cargo was moreover rumored to have sold at $620 per ton cfr into Southeast Asia.

A South Asian dealer said that there were still resale cargoes accessible within the advertise, but volumes were beginning to drop…

according to: metalbulletin

J ATLAS company provide 5SP 150*150mm FOB Bandar Abbas Iran with 610$ per ton

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