15
Jul
16:44
Merchant slab prices decline under pressure
The ongoing softening of flat-rolled product prices in Asia, emphasised by China's continuous declines in prices and sentiment, is affecting the merchant slab market negatively.
The Eid holiday and summer heat curbing production are weighing on demand and prices further, while weak Asian demand is resulting in very sparse sales, Kallanish observes.
In Europe, demand is also down after a short buying spike which resulted in three Brazilian lots being book…
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Anonymous
Very good overview of the weekly steel market.
Anonymous