[SMM Iron & Steel] SEA Billet Import Market Weakens as Buyers Wait for Lower Offers

Published: Jul 3, 2026 13:24

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[SEA] Southeast Asian import billet prices remained under pressure amid limited demand in China and the wider region. China-origin billet export levels slipped by around 5 USD/tonne to 460-465 USD/tonne FOB, making Chinese material more competitive than Indonesian offers. An Indonesian mill cut September-shipment billet offers to 470 USD/tonne FOB, down around 10 USD/tonne w-o-w. In the Philippines, 5SP billet offers stayed near 495 USD/tonne CFR, but buyers are expecting 490 USD/tonne CFR soon, with sales still sporadic."

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