18
May
14:37
Russian flats, semis slide on Asian competition
Prices for Russia-origin slab and finished flat steel continued to decline in the week to Thursday 18 May, influenced by a global downtrend and weak demand in major foreign markets, market participants have informed Kallanish.
Competitive offers from China and Asia in the Middle East and Northern Africa, the major market outlets of Russia-origin materials since trading sanctions over invasion of Ukraine, added further pressure on Black Sea export prices.
The deva…
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Anonymous
Very good overview of the weekly steel market.
Anonymous