04
Mar
17:51
Slab prices surge as CIS supply evaporates
Already extremely tight merchant slab availability from Russia and Ukraine in recent months has transformed into absolute absence since Russia invaded Ukraine, paralysing CIS trade and leading to wide-ranging sanctions on Russia.
The absence of CIS material is driving up prices, as Turkish and European buyers, “desperate for the material”, are seeking alternatives to CIS supply. Some are finding replacement volumes in Asia, as Brazil continues to suppl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous