01
Mar
17:43
Russian slab anticipates decrease amid weak flats markets
Market participants note unchanged slab price levels from Russian mills, anticipating significant price reductions are needed for deals to materialise, amid weak flat steel markets and falling prices in the EU and Turkey.
Offers for Russian-origin slab were heard unchanged at around $540-550/tonne fob Black Sea for sanctioned mills and at $565-570/t fob for non sanctioned, Kallanish notes. However, bids were heard at only $510-530/t fob.
Rumours of potential rest…
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Anonymous
Very good overview of the weekly steel market.
Anonymous