08
Nov
16:31
Merchant slab declines as availability rises, demand falls
Merchant slab market dynamic has continued to soften in the last fortnight, amid declining demand and increasing availability in key importing markets, Kallanish observes.
Russian slab prices lost around $50/tonne in two weeks, from $485-500/t fob to around $440-450/t fob Black/Baltic Seas, but demand is simply not there, even at these prices, market participants say. Two major ex-western port outlets – Turkey and Europe – have been cutting their requi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous