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24 May

Competition pressures Russian flat steel, slab export prices

Russian slab and flat steel prices are under pressure from competition, market participants inform Kallanish. Meanwhile, considering payment constraints in case of exports and much more attractive domestic prices, Russian mills’ export offering was limited. Slab from Russian non-sanctioned and semi-sanctioned mills was quoted at $465-475/tonne fob Black Sea to Turkey, $500-510/t fob to Italy, and at $495-500/t fob to Mexico, while sanctioned mills were not …
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