27
Apr
17:44
Slab prices soften on sufficient supply, flats softness
Global merchant slab prices have diverged considerably, as material origin has become the value identifier amid Russia’s invasion of Ukraine and consequent sanctions on Moscow.
The addition of religious holidays in various regions throughout April have further emphasised the split, as China became the largest buyer of Russian slab. Small volumes of the same origin were traded in the Mediterranean and offered to Latin America, where regional material is …
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Anonymous
Very good overview of the weekly steel market.
Anonymous