18
Feb
16:26
CIS slab prices exceed buyers' expectations
CIS-origin slab prices achieved last week were above buyers' expectations, Kallanish learns from buy- and sell-side sources.
CIS-origin slab was sold to southern European buyers at $480-485/tonne cfr, netting back to around $460-465/t fob Black Sea, these sources confirm. Having prepared to enter negotiations at $460/t cfr, European mills accepted a $20/t increase, and are now likely to be facing another $20/t increase in the next round of sal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous