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09 Nov
17:00

CIS slab prices diverge

Merchant slab prices continue to resist pressure from weakening hot rolled coil prices in several major importing regions, with recent European plate price increases instilling confidence in stability. Asian demand remains active at lower levels, resulting in sales at lower-than-original offers last week, Kallanish notes. Black Sea merchant slab export prices received a boost with a sale of 20,000-tonne cargo by the Ukrainian producer to Libya at around $750-760/t…
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