30
May
11:33
East Asian slab market stalls on subdued HRC
The East Asian merchant slab market is languishing mainly due to the bearish outlook for hot rolled coil. Buying interest is very thin and some re-rollers are targeting to book at much lower than current offers.
In Taiwan, importers are targeting to book slab at under $500/tonne cfr, while an offer for Russian slab was heard last week at $500/t cfr Taiwan. “The current target price for slab is as low as $450/t cfr Taiwan,” a regional mill source t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous