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27 Aug
16:02

CIS slab market remains in deadlock over price

Pressure on CIS producers to reduce slab prices in order to secure sales continued in the past week, but judging by the lack of sales, suppliers remained firm in their offers, Kallanish understands. Despite the market's expectations of CIS merchant slab suppliers' making sales to the Mediterranean buyers, offers were kept at a minimum of $800/tonne fob last week, with only one major supplier, Ukrainian, in the market. A major Russian supplier, whose conve…
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