26
Oct
15:27
Slab prices diverge amid increasing supply
Merchant slab prices have diverged significantly over the last fortnight, as China started offering its material into the Mediterranean and Europe, and Russian slab exports to the EU received a two-year grace period from sanctions, Kallanish notes.
Chinese slab offers surfaced last week in Turkey and Europe, circling $500-510/tonne fob levels, depending on the destination, but received little attention due to long, January lead times and volatility in export marke…
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Anonymous
Very good overview of the weekly steel market.
Anonymous