01
Dec
14:55
Merchant slab finds support in China, decline pauses
Merchant slab demand remains lacklustre, with buyers' bids not exceeding $700/tonne cfr maximum in all destinations. But there is a certain level of support growing in China, market participants tell Kallanish.
Demand is satisfactory in Southeast Asia, where two lots of Russian slab were booked at $670/tonne cfr and $685-690/t cfr in two different countries, for February loading lots. More sales are expected at this level in the region at these price leve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous