01
Nov
17:04
CIS slab prices plateau as demand persists
Black Sea merchant slab export prices are resisting growth amid China's weakening flat products market dampening Asian demand, and Turkey booking large volumes in the last three weeks.
Asian demand continues to lag, exacerbated by inter-regional offers at $710-720/tonne cfr. Russian slab was initially offered at $750-760/t cfr but bids were much lower, and no trade resulted, market participants tell Kallanish.
Sales to Turkey reached $760/t cfr last week…
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Anonymous
Very good overview of the weekly steel market.
Anonymous