06
Apr
16:46
Slab softens on increasing supply, peaking flats prices
Global merchant slab prices have softened, as new supply sources became established into the Mediterranean, and despite the ongoing absence of Ukrainian supply. Russian slab is available, but buyers, even in the countries with no sanctions, are becoming more reluctant to buy it, as trade is increasingly difficult amid new sanctions, Kallanish learns from market participants.
From around $1,000/tonne fob China in mid-March, offers of Chinese slab have declined…
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Anonymous
Very good overview of the weekly steel market.
Anonymous